Inception Growth Acquisition Limited Announces Extension of Business Combination Period and Additional Contribution to Trust Account to Extend Business Combination Period
10 Juin 2024 - 11:00PM
Inception Growth Acquisition Limited (NASDAQ: IGTA, the
“Company”), a publicly traded special purpose acquisition
company, announced today that at its annual meeting of stockholders
on June 4, 2024 (the “Meeting”), the Company’s stockholders voted
in favor of, among others, the proposals to amend (i) its amended
and restated certificate of incorporation; and (ii) the investment
management trust agreement with Continental Stock Transfer &
Trust Company, giving the Company the right to extend the date on
which to commence liquidating the trust account established in
connection with the Company’s initial public offering (the “Trust
Account”) by six (6) times for an additional one (1) month
each time from June 13, 2024 to December 13, 2024 by depositing
into the trust account the lesser of (i) $50,000 and (ii) an
aggregate amount equal to $0.04 multiplied by the number of common
stock issued in the Company’s initial public offering that has not
been redeemed for each one-month extension. On June 6, 2024, the
Company deposited $50,000 into the Trust Account in order to extend
the period of time the Company has to complete a business
combination for an additional one (1) month period, from June 13,
2024 to July 13, 2024. The purpose of the extension is to provide
additional time for the Company to complete a business combination.
Contact
Inception Growth Acquisition Limited Investor Relationship
Department (315) 636-6638
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