Fri, Jun 27, 12:06 PM (16 days ago)
**Summary of IGTA Merger Sub Limited (Ticker: N/A) Q1 2025 Financial Health** IGTA Merger Sub Limited, a British Virgin Islands exempted company, reported a net loss of $11,685 for Q1 2025, compared to a net loss of $3,170 in Q1 2024. The company has not generated any revenue and its activities relate solely to formation and preparation for a potential business combination. As of March 31, 2025, the company had an accumulated deficit of $41,386 and no cash balance. The company's liquidity and going concern status depend on continued financial support from its parent company, Inception Growth Acquisition Limited (IGTA). The company's financial health is uncertain, with substantial doubt about its ability to continue as a going concern. The company has extended the outside date for the closing of its business combination with AgileAlgo Holdings Ltd. to July 31, 2025. The company has no long-term debt, capital lease obligations, operating lease obligations, or long-term liabilities. The company's management evaluated its disclosure controls and procedures as effective as of March 31, 2025. There were no changes in internal control over financial reporting that materially affected or are reasonably likely to materially affect the company's internal control over financial reporting during the fiscal quarter ended March 31, 2025. The company is subject to various risks, including those related to its business combination, market conditions, and regulatory changes. The company's securities filings can be accessed on the EDGAR section of the SEC's website at www.sec.gov. In conclusion, IGTA Merger Sub Limited's financial health is uncertain, and its future operations depend on the successful completion of a business combination. The company's management is focused on completing the business combination and addressing the risks and uncertainties that could affect the company's results of operations and financial condition.