Inception Growth Acquisition Ltd 2025年季度报告

FORM10-Q Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☒No☐ Securities registered pursuant to Section 12(b) of the Act: As of August 19, 2025, there were2,814,162shares of common stock of the Registrant, par value $0.0001 per share, issued andoutstanding. INCEPTION GROWTH ACQUISITION LIMITED Quarterly Report on Form 10-Q TABLE OF CONTENTS PagePART I – FINANCIAL INFORMATIONF-1Item 1.Unaudited Condensed Consolidated Financial StatementsF-1Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations1Item 3.Quantitative and Qualitative Disclosures about Market Risk7Item 4.Control and Procedures7PART II – OTHER INFORMATION9Item 1.Legal Proceedings9Item 1A.Risk Factors9Item 2.Unregistered Sales of Equity Securities and Use of Proceeds9Item 3.Defaults Upon Senior Securities9Item 4.Mine Safety Disclosures9Item 5.Other Information9Item 6.Exhibits10SIGNATURES11i PART I – FINANCIAL INFORMATION INCEPTION GROWTH ACQUISITION LIMITED INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Condensed Consolidated Balance SheetsF-2Unaudited Condensed Consolidated Statements of OperationsF-3Unaudited Condensed Consolidated Statements of Changes in Shareholders’ DeficitF-4Unaudited Condensed Consolidated Statements of Cash FlowsF-5Notes to Unaudited Condensed Consolidated Financial StatementsF-6 INCEPTION GROWTH ACQUISITION LIMITED CONDENSED CONSOLIDATED BALANCE SHEETS INCEPTION GROWTH ACQUISITION LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS INCEPTION GROWTH ACQUISITION LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Net (loss) income$(598,873)$262,120Adjustments to reconcile net (loss) income to net cash used in operating activitiesInterest income and dividend income earned in cash and investments held in Trust Account(71,249)(798,010)Changes in operating assets and liabilities:Prepaid expenses(7,500)(40,500)Other receivables(50,000)(12,500)Accrued liabilities413,112(47,752)Income tax payable(81,000)(54,628)Net cash used in operating activities(395,510)(691,270) INCEPTION GROWTH ACQUISITION LIMITEDNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 1 – ORGANIZATION AND BUSINESS BACKGROUND Inception Growth Acquisition Limited (the “Company”) is a blank check company incorporated on March 4, 2021, under the laws ofthe State of Delaware for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasingall or substantially all of the assets of, entering into contractual arrangements, or engaging in any other similar business combinationwith one or more businesses or entities (“Business Combination”). Although the Company is not limited to a particular industry or geographic region for purposes of consummating a BusinessCombination, the Company intends to focus on businesses that have a connection to the Asian market and shall not undertake an initialbusiness combination with any entity with its principal business operations in China (including Hong Kong and Macau). TheCompany is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with earlystage and emerging growth companies. The Company has selected December 31 as its fiscal year end. At June 30, 2025, the Company had not yet commenced any operations. All activities through June 30, 2025 relate to the Company’sformation and the initial public offering (the “Initial Public Offering”)and the evaluation of Business Combination candidates. TheCompany will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Companywill g