Inception Growth Acquisition (NASDAQ:IGTA) Shares Down 18.6% – What’s Next?

Inception Growth Acquisition Limited (NASDAQ:IGTA)’s stock price traded down 18.6% during mid-day trading on Monday . The stock traded as low as $6.5099 and last traded at $6.5099. 104 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 1,546 shares. The stock had previously closed at $8.00.

Inception Growth Acquisition Price Performance

The firm has a 50-day simple moving average of $10.41 and a 200-day simple moving average of $9.68.

Inception Growth Acquisition Company Profile

Inception Growth Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) sponsored by Inception Capital, a private investment firm based in New York. The company was formed in 2020 with the sole purpose of effecting a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses, and it maintains its capital in a trust account until such a transaction is completed.

Inception Growth Acquisition completed its initial public offering in June 2020, raising approximately $150 million in gross proceeds.