---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-017437"
form_type: "8-K"
ticker: "IGTA"
cik: "0001866838"
company_name: "Inception Growth Acquisition Ltd"
filed_at: "2023-03-06T23:59:59+00:00"
generated_at: "2026-06-18T12:16:23.223223+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Inception Growth Acquisition enters non-redemption agreements to retain $400K shares in trust for extension vote

## Summary
- Sponsor will transfer up to 120,000 founder shares to third parties who agree not to redeem 400,000 public shares at March 13 meeting.
- Meeting seeks approval to extend business combination deadline by six months to Sept 13, 2023 without trust payment.
- Non-redemption agreements expected to increase funds remaining in trust after meeting, not necessarily increase approval likelihood.
- Company waives transfer restrictions on founder shares for these transfers; underwriter EF Hutton consents.

## SEC filing metadata
- accession: 0001213900-23-017437
- form_type: 8-K
- ticker: IGTA
- cik: 0001866838
- company_name: Inception Growth Acquisition Ltd
- filed_at: 2023-03-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866838/000121390023017437/0001213900-23-017437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866838/000121390023017437/ea174682-8k_inception.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-017437
- JSON: https://secwatch.observer/filing/0001213900-23-017437.json
- Plain text: https://secwatch.observer/filing/0001213900-23-017437.txt

## Key facts
- Material Agreements
  Inception Growth Acquisition Ltd entered into Non-Redemption Agreement with unaffiliated third party valued at Third party agreed not to redeem 400,000 shares of common stock in exchange for up to 120,000 shares (effective 2023-03-03).
  - Action: entry
  - Counterparty: unaffiliated third party
  - Value: Third party agreed not to redeem 400,000 shares of common stock in exchange for up to 120,000 shares
  - Effective: 2023-03-03
  source text: On March 3, 2023, Inception Growth Acquisition Limited (the “ Company ”) and Soul Venture Partners LLC (the “ Sponsor ”) entered into non-redemption agreements (“ Non-Redemption Agreement ”) with an unaffiliated third parties in exchange for such third party agreeing not to redeem an aggregate of 400,000 shares of the Company’s common stock (the “ Common Stock ”) sold in its initial public offering (“ Non-Redeemed Shares ”) in connection with the annual meeting of the stockholders called by the Company to be held on March 13, 2023 (the “ Meeting ”) to consider and approve, among other things, an amendment to the Company’s investment management trust agreement dated December 8, 2021, (the “ Trust Amendment Proposal ”) to extend the time for the Company to complete its initial business combination for a period of six months without having to make any payment to the trust account established in connection with the Company’s initial public offering.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866838/000121390023017437/0001213900-23-017437-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.