Inception Growth Acquisition Limited announced a private placement of unsecured promissory note for aggregate principal amount of $400,000 on March 12, 2024. The transaction will include participation from returning lender Soul Venture Partners LLC. The promissory note will not bear any interest and matures upon the closing of a business combination by the company.

In the event that the company does not complete an initial business combination by April 13, 2024, the note shall be deemed to be terminated and no amounts will thereafter be due from the company to the sponsor under the note.