Soul Venture Partners LLC - 17 Feb 2023 Form 4/A - Amendment Insider Report for Inception Growth Acquisition Ltd (IGTA)

Role: 10%+ Owner
Signature: By: /s/ Jason Wong
Issuer symbol: IGTA
Transactions as of: 17 Feb 2023
Net transactions value: +$173,913,200
Form type: 4/A - Amendment
Filing time: 30 Mar 2023, 21:37:12 UTC
Date Of Original Report: 23 Feb 2023
Previous filing: 20 Dec 2021
Next filing: 30 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IGTA	Common stock, par value $0.0001 per share	Purchase	$189,372,400	+140,000	+5.9%	$1352.66^*	2,507,500	17 Feb 2023	Direct	F1
transaction	IGTA	Common stock, par value $0.0001 per share	Sale	$15,459,200	-40,000	-1.6%	$386.48^*	2,467,500	17 Feb 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 4 amendment is being filed solely to clarify the price of purchase and sale for the shares being acquired and sold as disclosed in the original Form 4 filed on February 23, 2023. These shares are restricted shares that were issued before the Company's IPO. Pursuant to the letter agreements entered into by the Company and its initial shareholders on December 8, 2021, the restricted shares issued before the IPO at a nominal price ($25,000 for 2,587,500 shares of common stock) cannot be transferred by private sales at prices greater than the original purchase price before the completion of the business combination. The restricted shares were transferred at the original purchase price due to the replacement of certain directors or officers who were initial shareholders as parties to the letter agreements dated December 8, 2021.

Content

This Form 4 amendment is being filed solely to clarify the price of purchase and sale for the shares being acquired and sold as disclosed in the original Form 4 filed on February 23, 2023. These shares are restricted shares that were issued before the Company's IPO. Pursuant to the letter agreements entered into by the Company and its initial shareholders on December 8, 2021, the restricted shares issued before the IPO at a nominal price ($25,000 for 2,587,500 shares of common stock) cannot be transferred by private sales at prices greater than the original purchase price before the completion of the business combination. The restricted shares were transferred at the original purchase price due to the replacement of certain directors or officers who were initial shareholders as parties to the letter agreements dated December 8, 2021.