M&A - Inception Growth Acquisition Ltd

Back to List of Mergers and Acquisitions

Form Type: 425

Filing Date: 2025-03-27

Corporate Action: Merger

Type: Update

Accession Number: 000101376225003379

Filing Summary: On March 27, 2025, Inception Growth Acquisition Limited (IGTA) entered into Amendment No. 3 to its Business Combination Agreement with AgileAlgo Holdings Ltd. This amendment extends the Outside Closing Date to May 31, 2025, allowing the company to potentially conclude a merger with AgileAlgo. The amendment also clarifies conditions under which AgileAlgo can terminate the agreement if IGTA's common stock is delisted from Nasdaq and not relisted by the new deadline. Prior amendments had already extended this closing date, indicating ongoing developments in facilitating the business combination. The agreement also allows for certain waivers regarding transfers and issuances of Company ordinary shares as required under the agreement.

Document Link: View Document

Additional details:

Business Combination Agreement: Amendment No. 3 to Business Combination Agreement


Outside Closing Date: May 31, 2025


Termination Conditions: IGTA common stock delisted from Nasdaq and not relisted by closing date


Form Type: 8-K

Filing Date: 2025-03-27

Corporate Action: Merger

Type: Update

Accession Number: 000101376225003366

Filing Summary: On March 27, 2025, Inception Growth Acquisition Limited (IGTA) entered into Amendment No. 3 to the Business Combination Agreement with IGTA Merger Sub Limited and AgileAlgo Holdings Ltd, which extends the Outside Closing Date to May 31, 2025. This amendment also allows AgileAlgo to terminate the agreement if IGTA’s common stock is delisted from Nasdaq and certain conditions regarding relisting are not met. Prior amendments had extended the closing dates on multiple occasions, originally from September 12, 2023, and included stipulations on stockholder approvals and potential termination events. Key provisions permit IGTA's consent to specific transfers and share issuances as required by the agreement.

Document Link: View Document

Additional details:

Business Combination Amendment: Amendment No. 3 to Business Combination Agreement


Outside Closing Date: May 31, 2025


Delisting Conditions: Termination if IGTA’s common stock becomes delisted and not relisted by the Outside Closing Date.


Comments

No comments yet. Be the first to comment!