Item 1.01. Entry into a Material Definitive Agreement.
On
The foregoing description of the Amendment Agreement does not purport to be
complete and is qualified in its entirety by the terms and conditions of the BCA
and the SID, which were previously filed as Exhibits 2.1 and 2.2 to the Current
Report on Form 8-K, filed by IGAC with the
The reason for the entry into the Amendment Agreement is because of the delay in obtaining the Company's audited financial statements and other materials, as well as market conditions that have made it difficult to obtain financing necessary to consummate the transactions. Unless the Company is able to deliver its audited financial statements and obtain the necessary funding, IGAC intends to seek to locate an alternative target company and potentially pursue the consummation of a business combination with such alternative target company. If the Company has not delivered its audited financial statements and obtained the necessary funding prior to the time IGAC locates an alternative target company, IGAC expects that it would enter into a letter of intent with such a target company and terminate the BCA and SID. Notwithstanding any of the foregoing, no assurance can be provided that the Company will be able to deliver its audited financial statements and obtain the necessary funding or that IGAC will locate an alternative target company or any business combination with such alternative target company would be consummated.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 10.1 Amendment Agreement, datedDecember 8, 2022 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
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