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Inception Growth Acquisition Ltd (OTC:IGTA), a small-cap company with a market capitalization of approximately $31 million, announced an amendment to its Business Combination Agreement with AgileAlgo Holdings Ltd on August 7, 2025, according to a press release statement filed with the Securities and Exchange Commission. The stock recently reached its 52-week high of $13.09, showing significant momentum with a 15% return over the past year.
The amendment, identified as Amendment No. 6, changes the terms of the earnout period related to the proposed business combination between Inception Growth Acquisition and AgileAlgo. The earnout period will now begin on April 1, 2026, and conclude at the end of the third fiscal quarter thereafter, on December 31, 2026.
This adjustment follows a series of previous amendments to the Business Combination Agreement, which was originally signed on September 12, 2023. Prior amendments have included extensions of the outside closing date and changes to termination provisions and share transfer consents. The most recent prior amendment, executed on July 31, 2025, had set the earnout period to begin on October 1, 2025, and end on June 30, 2026.
Inception Growth Acquisition Ltd is a Delaware corporation whose securities, including common stock (OTC:IGTA), units (OTC:IGTAU), redeemable warrants (OTC:IGTAW), and rights (OTC:IGTAR), are listed on the OTC Markets Group. According to InvestingPro analysis, the company currently shows a weak financial health score of 1.43, with short-term obligations exceeding liquid assets.
The business combination agreement is subject to customary closing conditions, including shareholder approval and regulatory review. The company noted in its filing that the full text of Amendment No. 6 is attached as an exhibit to the SEC report.
This information is based on a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission.
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