The Latest Non-Redemption Agreements: March 8, 2023
by Marlena Haddad on 2023-03-08 at 5:34pm

Latest Non-Redemption Agreements: Inception Growth and Byte


Inception Growth Acquisition Limited (IGTA) Adds Non-Redemption Agreement

On March 6, Inception Growth (NASDAQ:IGTA) and its sponsor, Soul Venture Partners LLC, entered into non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate of 2,100,000 shares of its common stock in connection with its extension vote on March 13.

The SPAC intends to extend its timeline by six months without having to make any payment to the trust account. In exchange, the sponsor has agreed to transfer up to 630,000 shares to the third parties following the meeting.

On March 7, Inception Growth and its sponsor entered into additional Non-Redemption Agreements with certain unaffiliated third parties holding an aggregate of 625,000 shares. In exchange for the foregoing commitments not to redeem, the sponsor has agreed to transfer up to 187,500 shares to the parties following the meeting.

READ

Byte Acquisition Corp. (BYTS) Inks Non-Redemption Agreement

On March 8, 2023, BYTE Acquisition Corp. (NASDAQ:BYTS) entered into non-redemption agreements with certain existing shareholders.

Pursuant to the non-redemption agreements, each of the shareholders agreed to not redeem 1,000,000 Class A Ordinary Shares in connection with the vote to extend the company’s completion date from March 23, 2023 to September 25, 2023, and vote their shares in favor of the extension.

In connection with the foregoing, the company agreed to pay to each Non-Redeeming Shareholder $0.033 per Share in cash per month through the Extended Date.

READ

 

The Latest Non-Redemption Agreements: March 8, 2023
Recent Posts
by Nicholas Alan Clayton on 2025-07-02 at 12:13pm

McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...

by Nicholas Alan Clayton on 2025-07-02 at 8:29am

At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....

by Nicholas Alan Clayton on 2025-07-02 at 6:28am

EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...

by Nicholas Alan Clayton on 2025-07-01 at 7:51pm

Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....

by Nicholas Alan Clayton on 2025-07-01 at 7:47pm

Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved