Inception Growth Acquisition today said it has deposited $100,000 into trust to extend its completion deadline to May 13. The SPAC since January has borrowed $820,000 from its sponsor, Soul Venture Partners.
The SPAC has a merger agreement with AgileAlgo, an AI company that powers enterprise-grade natural language code generators for machine learning and data management platforms to disrupt the software consulting industry.
The SPAC last September announced the AgileAlgo acquisition at an equity value of $160 million. Read more.
