---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-044508"
form_type: "8-K"
ticker: "IGTA"
cik: "0001866838"
company_name: "Inception Growth Acquisition Ltd"
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T16:59:20.321404+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Inception Growth Acquisition restates prior financials; overstates deferred underwriting by $337,500

## Summary
- Audit committee finds six prior 10-Qs (2022-2023) unreliable due to accounting errors.
- Errors: overstated deferred underwriting compensation by $337,500 and misclassified non-redemption expenses as APIC.
- Company will amend prior 10-Qs; no impact expected on cash, revenues, liquidity, or trust account.
- Material weakness identified in internal controls; disclosure controls ineffective.
- Errors discussed with independent accountant Adeptus Partners.

## SEC filing metadata
- accession: 0001213900-24-044508
- form_type: 8-K
- ticker: IGTA
- cik: 0001866838
- company_name: Inception Growth Acquisition Ltd
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866838/000121390024044508/0001213900-24-044508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866838/000121390024044508/ea0206356-8k_inception.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-044508
- JSON: https://secwatch.observer/filing/0001213900-24-044508.json
- Plain text: https://secwatch.observer/filing/0001213900-24-044508.txt

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