Thu, Jul 18, 8:03 PM (51 days ago)
Inception Growth Acquisition Limited has filed an amendment (Form 10-Q/A) for the quarter ended September 30, 2022, primarily to correct an overstatement of $337,500 in deferred underwriting compensation. This restatement does not impact the company's cash position, revenues, or liquidity but affects the accumulated deficit and deferred underwriting compensation line items. The company reported a net income of $342,224 for the three months ended September 30, 2022, and a net loss of $39,607 for the nine months ended September 30, 2022. The company had $779,145 in cash as of September 30, 2022, and has been focusing on identifying a target for its initial business combination. The financial statements have been restated to reflect these corrections. The amendment also includes new certifications from the CEO and CFO and revised financial statements in XBRL format.