secwatch / observer
8-K filed March 15, 2023, 7:59 PM ET ticker IGTA CIK 0001866838
other material confidence high sentiment neutral materiality 0.65

SPAC IGTA extends business combination deadline to Sep 13, 2023; 5.87M shares redeemed

Inception Growth Acquisition Ltd

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Inception Growth Acquisition Ltd amended Trust Amendment with Continental Stock Transfer & Trust Company valued at right to extend time to complete business combination for six months without payment to trust accoun (effective 2023-03-13).

Action
amendment
Counterparty
Continental Stock Transfer & Trust Company
Value
right to extend time to complete business combination for six months without payment to trust accoun
Effective
2023-03-13
Exact text from the filing
As approved by its stockholders at the Annual Meeting of Stockholders on March 13, 2023 (the “Meeting”), Inception Growth Acquisition Limited (the “Company”) entered into an amendment (the “Trust Amendment”) to the investment management trust agreement, dated as of December 8, 2021, with Continental Stock Transfer & Trust Company on March 13, 2023. Pursuant to the Trust Amendment, the Company has the right to extend the time to complete a business combination for a period of six months from March 13, 2023 to September 13, 2023 without having to make any payment to the trust account (the “Trust Account”) established in connection with the Company’s initial public offering.
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Inception Growth Acquisition Ltd shareholders approved Amend the investment management trust agreement to extend the business combination deadline from March 13, 2023 to September 13, 2023 at the 2023-03-13 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-03-13
Exact text from the filing
FOR AGAINST ABSTAIN BROKER NON-VOTES 6,932,707 1,396,898 100 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Inception Growth Acquisition Ltd shareholders approved Election of directors at the 2023-03-13 meeting.

Proposal
director election
Outcome
passed
Meeting
2023-03-13
Exact text from the filing
FOR WITHHELD BROKER NON-VOTE Cheuk Hang Chow 8,211,253 118,452 0 Felix Yun Pun Wong 7,708,270 621,435 0 Michael Lawrence Coyne 7,993,443 336,262 0 Albert Chang 8,211,253 118,452 0 Yan Xu 7,993,443 336,262 0
View on SEC.gov

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Inception Growth Acquisition Ltd filing history →

Source: SEC EDGAR
accession 0001213900-23-020100
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