Inception Growth Acquisition Limited is a newly organized blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While we will not be limited to a particular industry or geographic region, given the experience of our management team, our acquisition and value creation strategy will be to identify, acquire, and build a company based in the United States and/or Asia (excluding China) with a focus in the technology, media and telecom (TMT), sports and entertainment, and/or non-gambling gaming sectors. We shall not undertake our initial business combination with any entity with its principal business operations in China (including Hong Kong and Macau). As of the date of this report, we have not selected any target business for our initial business combination.
Company profile
Ticker
IGTA, IGTAU
Exchange
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
862648456
IGTA stock data
Latest filings (excl ownership)
8-K
Inception Growth Acquisition Limited Announces Additional Contribution to Trust Account to Extend Business Combination Period
8 Apr 24
10-K/A
2023 FY
Annual report (amended)
14 Mar 24
8-K
Entry into a Material Definitive Agreement
13 Mar 24
8-K
Inception Growth Acquisition Limited Announces Additional Contribution to Trust Account to Extend Business Combination Period
1 Mar 24
8-K
Inception Growth Acquisition Limited Announces Additional Contribution to Trust Account to Extend Business Combination Period
7 Feb 24
10-K
2023 FY
Annual report
7 Feb 24
8-K
Entry into a Material Definitive Agreement
29 Jan 24
8-K
Inception Growth Acquisition Limited Announces Additional Contribution to Trust Account to Extend Business Combination Period
9 Jan 24
8-K
Changes in Registrant's Certifying Accountant
6 Dec 23
8-K
Inception Growth Acquisition Limited Announces Additional Contribution to Trust Account to Extend Business Combination Period
5 Dec 23
Latest ownership filings
SC 13G/A
WOLVERINE ASSET MANAGEMENT LLC
11 Apr 24
SC 13G
AQR CAPITAL MANAGEMENT LLC
14 Feb 24
SC 13G
WOLVERINE ASSET MANAGEMENT LLC
8 Feb 24
SC 13G
Hudson Bay Capital Management LP
5 Feb 24
SC 13G
Harraden Circle Investments, LLC
31 Jan 24
SC 13G/A
Weiss Asset Management LP
26 Jan 24
SC 13G/A
Yakira Capital Management, Inc.
26 Jan 24
4
Change in insider ownership
24 Aug 23
SC 13G/A
Lighthouse Investment Partners, LLC
5 May 23
4/A
Change in insider ownership (amended)
30 Mar 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 257.17 k | 257.17 k | 257.17 k | 257.17 k | 257.17 k | |
Cash burn (monthly) | 95.22 k | 43.50 k | (no burn) | (no burn) | 18.12 k | |
Cash used (since last report) | 661.00 k | 301.97 k | n/a | n/a | 125.80 k | |
Cash remaining | -403.83 k | -44.80 k | n/a | n/a | 131.37 k | |
Runway (months of cash) | -4.2 | -1.0 | n/a | n/a | 7.2 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 54 |
Opened positions | 6 |
Closed positions | 6 |
Increased positions | 11 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 47.08 bn |
Total shares | 16.02 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Soul Venture Partners | 2.37 mm | $0.00 |
Polar Asset Management Partners | 1.23 mm | $4.36 bn |
Yakira Capital Management | 1.07 mm | $176.82 mm |
CNH Partners | 833.05 k | $4.31 bn |
Space Summit Capital | 600.00 k | $6.02 mm |
Mangrove Partners | 583.10 k | $6.19 bn |
Shaolin Capital Management | 475.00 k | $1.64 mm |
Fir Tree Capital Management | 440.00 k | $4.67 bn |
Wolverine Asset Management | 436.55 k | $3.11 bn |
Arena Investors | 400.00 k | $4.25 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Jun 23 | Soul Venture Partners | Common stock, par value $0.0001 per share | Sell | Dispose S | No | No | 0 | 1,271,510 | 0.00 | 1,195,990 |
1 Mar 23 | Soul Venture Partners | Common stock, par value $0.0001 per share | Sell | Dispose S | No | No | 120.78 | 12,500 | 1.51 mm | 2,467,500 |
1 Mar 23 | Soul Venture Partners | Common stock, par value $0.0001 per share | Buy | Acquire P | No | No | 120.78 | 12,500 | 1.51 mm | 2,480,000 |