---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-036823"
form_type: "8-K"
ticker: "IGTA"
cik: "0001866838"
company_name: "Inception Growth Acquisition Ltd"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:46:13.247409+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# SPAC Inception Growth Acquisition borrows $100K from sponsor ahead of May 13 deadline

## Summary
- Issued unsecured promissory note for $100,000 to sponsor Soul Venture Partners LLC on April 26, 2024.
- Note bears no interest and matures upon closing of a business combination.
- If no business combination closes by May 13, 2024 (subject to extension), note terminates with no payment due.
- Sponsor waived any claim against the trust account, a standard SPAC protection.
- Proceeds likely used for working capital or to extend the combination deadline.

## SEC filing metadata
- accession: 0001213900-24-036823
- form_type: 8-K
- ticker: IGTA
- cik: 0001866838
- company_name: Inception Growth Acquisition Ltd
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866838/000121390024036823/0001213900-24-036823-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866838/000121390024036823/ea0204864-8k_inception.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-036823
- JSON: https://secwatch.observer/filing/0001213900-24-036823.json
- Plain text: https://secwatch.observer/filing/0001213900-24-036823.txt

## Key facts
- Debt Financings
  Inception Growth Acquisition Ltd incurred loan of $100,000 with Soul Venture Partners LLC at does not bear interest maturing upon the closing of a business combination by the Company.
  - Instrument: loan
  - Principal: $100,000
  - Counterparty: Soul Venture Partners LLC
  - Rate: does not bear interest
  - Maturity: upon the closing of a business combination by the Company
  - Event: incurrence
  source text: On April 26, 2024, Inception Growth Acquisition Limited (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $100,000 (the “Note”) to Soul Venture Partners LLC, the Company’s initial public offering sponsor (“Sponsor”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866838/000121390024036823/0001213900-24-036823-index.htm

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