debt
confidence high
sentiment neutral
materiality 0.30
Inception Growth Acquisition issues $420K promissory note to sponsor for working capital
Inception Growth Acquisition Ltd
- Issued unsecured promissory note for $420,000 to sponsor Soul Venture Partners LLC on Sept 30, 2024.
- Note bears no interest and matures upon closing of a business combination.
- If no business combination closes by Nov 13, 2024 (as extended), note terminates with no amounts due.
- Funds likely used for working capital as SPAC approaches deadline.