secwatch.observer — SEC 8-K summary
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Issuer:     Inception Growth Acquisition Ltd (IGTA)
CIK:        0001866838
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001213900-24-007160
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inception Growth Acquisition issues $420K promissory note to sponsor; due at deal or Feb 13 deadline
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- Issued $420,000 unsecured promissory note to sponsor Soul Venture Partners LLC on Jan 24, 2024.
- Note bears no interest and matures upon closing of a business combination.
- If no business combination by Feb 13, 2024 (as may be extended), note is terminated and no amounts due.
- Proceeds likely to fund working capital as SPAC nears its deadline.
- Sponsor waives any claim against the trust account per note terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866838/000121390024007160/0001213900-24-007160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866838/000121390024007160/ea192104-8k_inception.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-007160

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer