04/17/2026 | Press release | Distributed by Public on 04/17/2026 06:01
Item 8.01. Other Events.
Withdrawal of Nasdaq Listing Application for Combined Company
As previously disclosed, on September 12, 2023, Inception Growth Acquisition Limited (the "Company") entered into a business combination agreement, as amended (the "Business Combination Agreement"), with IGTA Merger Sub Limited ("PubCo"), AgileAlgo Holdings Ltd. ("AgileAlgo") and certain AgileAlgo shareholders. The Business Combination Agreement contemplates, among other things, a Redomestication Merger of the Company with and into PubCo (as such terms are defined in the Business Combination Agreement), followed by an exchange of AgileAlgo shares for PubCo ordinary shares (such transactions, the "Business Combination").
In connection with the proposed Business Combination, PubCo submitted an application to The Nasdaq Stock Market LLC ("Nasdaq") to list PubCo's securities on Nasdaq upon the closing of the Business Combination (the "Listing Application").
On April 14, 2026, after consultation with Nasdaq, the Company and PubCo determined to withdraw the Listing Application. Accordingly, PubCo has withdrawn the Listing Application previously submitted to Nasdaq for the listing of PubCo's securities upon the closing of the Business Combination.
The withdrawal of the Listing Application does not affect the continued listing of the Company's securities on OTC Markets Group, Inc under their existing trading symbols prior to the consummation of any business combination. The Company and PubCo are currently evaluating alternative listing venues and other strategic alternatives with respect to the Business Combination and the combined company's future trading market.