Inception Growth Acquisition Ltd (IGTA): debt financing — Inception Growth Acquisition issues $400K promissory note to sponsor

Inception Growth Acquisition Ltd

Issued $400,000 unsecured promissory note to sponsor Soul Venture Partners LLC on March 12, 2024.
Note carries no interest; principal payable upon closing of a business combination.
Note terminates if no business combination closes by April 13, 2024 (as may be extended).
Proceeds intended to fund working capital in pursuit of a business combination.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Inception Growth Acquisition Ltd incurred loan of $400,000 with Soul Venture Partners LLC at does not bear interest maturing upon the closing of a business combination by the Company.

Instrument: loan
Principal: $400,000
Counterparty: Soul Venture Partners LLC
Rate: does not bear interest
Maturity: upon the closing of a business combination by the Company
Event: incurrence

Exact text from the filing

On March 12, 2024, Inception Growth Acquisition Limited (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $400,000 (the “Note”) to Soul Venture Partners LLC, the Company’s initial public offering sponsor (“Sponsor”). The Note does not bear interest and matures upon the closing of a business combination by the Company.

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299 debt financings filed in the last 30 days. Browse all debt financings →

Inception Growth Acquisition Ltd filing history →

Source: SEC EDGAR

accession 0001213900-24-021974

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