UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Title of each class | Trading Symbol | Name of each exchange on which registered | ||
| redeemable warrant and one right entitling the holder to receive one-tenth of a share of common stock | OTC Markets Group, Inc | |||
| OTC Markets Group, Inc | ||||
| OTC Markets Group, Inc | ||||
| OTC Markets Group, Inc |
Item 5.07. Submission of Matters to a Vote of Security Holders.
On August 19, 2025, Inception Growth Acquisition Limited (the “Company” or “Inception Growth”) held its special meeting of stockholders (the “Meeting”), at which the stockholders voted on the following proposals, as set forth below, each of which is described in more detail in the definitive proxy statement (the “Original Proxy Statement”) filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 27, 2025, as amended and supplemented by a Supplement No. 1 filed with the SEC on June 26, 2025 (“Supplement No. 1”), a Supplement No. 2 filed with the SEC on July 31, 2025 (“Supplement No. 2”) and a Supplement No. 3 filed with the SEC on August 14, 2025 (“Supplement No. 3”) (the Original Proxy Statement, as amended and supplemented by Supplement No. 1, Supplement No. 2 and Supplement No. 3, the “Proxy Statement”). Capitalized terms not otherwise defined herein shall have the same meaning ascribed thereto in the Proxy Statement.
On May 27, 2025, the record date for the Meeting, there were 2,917,490 shares of common stock of the Company entitled to vote at the Meeting. On August 19, 2025, the Company held the Meeting, of which 2,197,168 (or approximately 75.31%) shares of common stock of the Company entitled to vote, were represented in the Meeting either in person or by proxy.
The final results for each of the matters submitted to a vote of Company stockholders at the Meeting are as follows:
1. Redomestication Merger Proposal
Stockholders approved the proposal for the redomestication of Inception Growth from Delaware to the British Virgin Islands, to be accomplished by the merger of Inception Growth with and into IGTA Merger Sub Limited, a British Virgin Islands business company and wholly owned subsidiary of Inception Growth (such company before the Business Combination is referred to as “Purchaser” and upon and following the Share Exchange is hereinafter sometimes referred to as “PubCo”), with PubCo surviving the merger, and that the Plan of Merger, and any and all transactions provided for in the Plan of Merger, be approved. Approval of the Redomestication Merger Proposal requires the affirmative vote of the holders of a majority of the issued and outstanding IGTA Shares as of the record date represented in person (including by virtual presence) or by proxy at the Meeting and entitled to vote and voted thereon. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||
| 2,181,673 | 15,466 | 29 | 0 | |||||||||||
2. Share Exchange Proposal
Stockholders approved the proposal for the exchange of up to 16,000,000 PubCo Ordinary Shares for all the issued and outstanding ordinary shares of AgileAlgo, resulting in AgileAlgo becoming a wholly owned subsidiary of PubCo. Approval of the Share Exchange Proposal requires the affirmative vote of the holders of a majority of the IGTA Shares as of the record date represented in person (including by virtual presence) or by proxy at the Meeting and entitled to vote thereon. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||
| 2,181,092 | 15,006 | 1,070 | 0 | |||||||||||
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3. Nasdaq Proposal
Stockholders approved the proposal, for purposes of complying with applicable listing rules of The Nasdaq Stock Market LLC, the issuance of (i) PubCo Ordinary Shares by PubCo as the surviving entity in connection with the Business Combination, and (ii) the issuance of an aggregate of up to $30,000,000 of PubCo Ordinary Shares from time to time to Yorkville over a 36-month period following the Closing pursuant to the Yorkville Financing (a component of which includes, without limitation, the reservation and registration of 4,500,000 PubCo Ordinary Shares for issuance in connection with the Yorkville Notes). The approval of the Nasdaq Proposal requires the affirmative vote of holders of a majority of the IGTA Shares represented in person (including by virtual attendance) or by proxy and entitled to vote thereon at the Meeting. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||
| 2,181,162 | 15,006 | 1,000 | 0 | |||||||||||
4. Charter Proposal
Stockholders approved the proposal for, at the effective time of the Redomestication Merger, (i) the amendment and restatement of the memorandum and articles of association of PubCo by deletion in their entirety and the substitution in their place of the amended and restated memorandum and articles of association of PubCo (as the surviving entity) in the form attached to the proxy statement/prospectus as Annex B, and (ii) the adoption of the new name by PubCo as “Prodigy, Inc.”. The approval of the Charter Proposal requires the affirmative vote of holders of a majority of the IGTA Shares represented in person (including by virtual attendance) or by proxy and entitled to vote thereon at the Meeting. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||
| 2,180,682 | 15,466 | 1,020 | 0 | |||||||||||
5. Governance Proposal
Stockholders approved the proposal for, on an advisory and non-binding basis, certain governance provisions in the amended and restated memorandum and articles of association of PubCo (as the surviving entity) in the form attached to the proxy statement/prospectus as Annex B. The approval of the Governance Proposal, which is a non-binding vote, requires the affirmative vote of holders of a majority of the IGTA Shares represented in person (including by virtual attendance) or by proxy and entitled to vote thereon at the Meeting. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||
| 2,181,162 | 15,006 | 1,000 | 0 | |||||||||||
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6. NTA Requirement Amendment Proposal
Stockholders approved the proposal for the amendment of the certificate of incorporation of Inception Growth by adopting the fifth amendment to the amended and restated certificate of incorporation of Inception Growth in the form attached as Annex C to the proxy statement/prospectus, in order to eliminate from Inception Growth’s certificate of incorporation the limitation that it shall not redeem Public Shares to the extent that such redemption would cause Inception Growth’s net tangible assets to be less than $5,000,001. The approval of the NTA Requirement Amendment Proposal requires the affirmative vote of holders of sixty-five percent (65%) or more of all issued and outstanding IGTA Shares. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||
| 2,181,878 | 15,241 | 49 | 0 | |||||||||||
7. Director Appointment Proposal
Stockholders approved the proposal for the appointment of six (6) directors of PubCo, namely Tay Yee Paa Tony, Lee Wei Chiang Francis, Lim Chee Heong, Loo Choo Leong, Seah Chin Siong and Wee Carmen Yik Cheng, effective upon the Closing. The approval of the Director Appointment Proposal requires the affirmative vote of holders of a majority of the IGTA Shares represented in person (including by virtual attendance) or by proxy and entitled to vote thereon at the Meeting. The voting results were as follows:
| FOR | WITHHELD | BROKER NON-VOTE | ||||||||||
| Tay Yee Paa Tony | 2,180,680 | 16,488 | 0 | |||||||||
| Lee Wei Chiang Francis | 2,180,673 | 16,495 | 0 | |||||||||
| Lim Chee Heong | 2,180,673 | 16,495 | 0 | |||||||||
| Loo Choo Leong | 2,180,671 | 16,497 | 0 | |||||||||
| Seah Chin Siong | 2,180,680 | 16,488 | 0 | |||||||||
| Wee Carmen Yik Cheng | 2,180,680 | 16,488 | 0 | |||||||||
8. Incentive Plan Proposal
Stockholders approved the proposal for the adoption of the Incentive Plan by PubCo as the surviving entity of the Redomestication Merger with effect from the closing of the Business Combination. The approval of the Incentive Plan Proposal requires the affirmative vote of holders of a majority of the IGTA Shares represented in person (including by virtual attendance) or by proxy and entitled to vote thereon at the Meeting. The voting results were as follows:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||
| 2,186,332 | 9,804 | 1,032 | 0 | |||||||||||
As there were sufficient votes to approve the above proposals, Proposal No. 9, the “Adjournment Proposal” described in the Proxy Statement was not presented to the stockholders.
Item 8.01. Other Events.
In connection with the stockholders vote at the Meeting, 126,395 shares of common stock were tendered for redemption. The Company plans to close the business combination as described in the Proxy Statement as soon as possible.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| Inception Growth Acquisition Limited | |
| Dated: August 19, 2025 | /s/ Cheuk Hang Chow |
| Cheuk Hang Chow | |
| Chief Executive Officer |
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