Inception Growth Acquisition in an 8-K said it issued an unsecured promissory note for $420,000 to its sponsor. The note matures Feb. 13 if the SPAC completes a deal, but that may be extended.
The SPAC last September announced a deal with AgileAlgo Holdings at an equity value of $160 million.
The target is a British Virgin Islands company that, through its Singapore-based subsidiary, AgileAlgo Pte Ltd., is a maker of enterprise-grade natural language code generator for machine-learning and data management platforms. Read more.
