Inception Growth Acquisition priced its initial public offering of 9 million units at $10 each. Units begin trading today on the Nasdaq under the ticker symbol IGTAU. Each consists of one share of common stock, one-half of a redeemable warrant, and one right to receive one-tenth of a share.
The company intends to target businesses 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.
EF Hutton and Brookline Capital Markets are joint book-running managers for the offering, which is expected to close Dec. 13. Read more.
