---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-077307"
form_type: "8-K"
ticker: "IGTA"
cik: "0001866838"
company_name: "Inception Growth Acquisition Ltd"
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T15:24:19.022611+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IGTA (SPAC) enters definitive merger with AgileAlgo at $160M pre-money; combined entity Prodigy, Inc.

## Summary
- AgileAlgo valued at $160M pre-money (16M shares at $10/share); SPAC IGTA to merge via Redomestication and Share Exchange.
- 12.5% of shares (2M shares) held in escrow as earnout; full vesting requires $15M revenue in 3 quarters from Oct 2024, partial below $7.5M.
- Combined company renamed Prodigy, Inc.; PubCo board to have 5 directors, majority independent, designated by AgileAlgo.
- Closing conditions include at least $5M cash, Nasdaq listing of PubCo shares, SEC effectiveness of Form S-4; outside date June 13, 2024.
- Sponsor Support Agreement and Company Shareholder Support Agreement executed with 88.3% of AgileAlgo shareholders supporting the deal.

## SEC filing metadata
- accession: 0001213900-23-077307
- form_type: 8-K
- ticker: IGTA
- cik: 0001866838
- company_name: Inception Growth Acquisition Ltd
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866838/000121390023077307/0001213900-23-077307-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866838/000121390023077307/ea185236-8k425_inception.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-077307
- JSON: https://secwatch.observer/filing/0001213900-23-077307.json
- Plain text: https://secwatch.observer/filing/0001213900-23-077307.txt

## Key facts
- Material Agreements
  Inception Growth Acquisition Ltd entered into Business Combination Agreement with AgileAlgo Holdings Ltd. valued at $160,000,000 (effective 2023-09-12).
  - Action: entry
  - Agreement: merger
  - Counterparty: AgileAlgo Holdings Ltd.
  - Value: $160,000,000
  - Effective: 2023-09-12
  source text: On September 12, 2023, IGTA entered into that certain Business Combination Agreement with IGTA Merger Sub Limited, a British Virgin Islands company and wholly owned subsidiary of IGTA (such company before the Redomestication Merger (as defined below) is sometimes referred to as the “ Purchaser ” and upon and following the Redomestication Merger is hereinafter sometimes referred to as “ PubCo ”), AgileAlgo Holdings Ltd., a British Virgin Islands company (“ AgileAlgo ” or the “ Company ”), and certain shareholders of AgileAlgo (the “ Signing Sellers ”, who together own approximately 88.3% of AgileAlgo’s issued and outstanding shares)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866838/000121390023077307/0001213900-23-077307-index.htm

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