Inception Growth Acquisition Limited And AgileAlgo Pte Ltd. Announce Letter Of Intent For A Business Combination
Portfolio Pulse from Benzinga Newsdesk
Inception Growth Acquisition Limited (NASDAQ:IGTA) and AgileAlgo Pte Ltd. have signed a binding letter of intent for a potential business combination. The deal would result in a combined entity, with AgileAlgo's existing equity holders rolling 100% of their equity into the combined public company.
June 12, 2023 | 8:07 pm
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Inception Growth Acquisition Limited (NASDAQ:IGTA) has signed a binding LOI with AgileAlgo Pte Ltd. for a potential business combination, which could result in a combined entity.
The signing of the LOI indicates that both companies are interested in a potential business combination. If the deal goes through, it could result in a combined entity, which could have a positive impact on IGTA's stock price. However, the completion of the deal is subject to due diligence, negotiation of a definitive agreement, and approval by the board and shareholders of both companies. There is no assurance that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all.
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