Inception Growth Acquisition Limited (IGTAU) Prices $90M IPO


Inception Growth Acquisition Limited (IGTAU) Prices $90M IPO

Inception Growth Acquisition Limited announced the pricing of its $90 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IGTAU” Thursday, December 9.

The new SPAC intends to focus its search for a target business 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. Inception Growth Acquisition Limited is led by Chief Executive Officer and Chairman of the Board Paige E. Craig, and Chief Financial Officer Felix Yun Pun Wong.

Total SPAC deal count for 2021 year-to-date is now 577. This offering is expected to close on Monday, December 13.

EF Hutton, division of Benchmark Investments, LLC and Brookline Capital Markets, a division of Arcadia Securities, LLC are acting as joint book-running managers for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with The Loev Law Firm, PC serving as Underwriter’s Counsel. Friedman LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.