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Inception Growth Acquisition Limited and The Tomorrow Workforce Pte Ltd. Announce Letter of Intent for a Business Combination

12 June 2023

The Tomorrow Workforce Pte Ltd. (“The Tomorrow Workforce”), a provider of enterprise-grade natural language code generation platforms for machine learning and data management, and Inception Growth Acquisition Limited (NASDAQ: IGTA) (“Inception Growth”), a publicly traded special purpose acquisition company, today announced that they have entered into a binding letter of intent (“LOI”) for a proposed business combination.

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Transaction Overview

Under the terms of the LOI, The Tomorrow Workforce and Inception Growth would combine into a single publicly traded entity. The Tomorrow Workforce’s existing shareholders would roll 100% of their equity into the combined company. Further details will be provided once a definitive merger agreement is signed.

Completion of the transaction remains subject to customary conditions, including due diligence, execution of definitive agreements, and approvals from the boards and shareholders of both companies. There is no assurance that the merger will be completed on the currently proposed terms or timeline.

 

About The Tomorrow Workforce Pte Ltd.

Headquartered in Singapore, The Tomorrow Workforce builds enterprise-grade natural language code generators designed to streamline machine learning development and data management across technology stacks. Utilizing cutting-edge Generative AI techniques, the company automates code creation to reduce complexity, accelerate delivery, and minimize reliance on offshoring.

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Led by CEO Philip Chua, The Tomorrow Workforce also aims to expand through acquisitions in the IT consulting space and by partnering with large-scale technology project owners to transform how global software is developed.

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Porche Capital Ltd is serving as The Tomorrow Workforce’s strategic advisor in the proposed transaction.

For more information, visit: https://www.ttw.today

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About Inception Growth Acquisition Limited

Inception Growth (NASDAQ: IGTA) is a blank check company focused on effecting mergers, asset acquisitions, stock purchases, reorganizations, or other business combinations with innovative and high-growth potential companies.

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Additional Information and SEC Filings

If a definitive agreement is executed, Inception Growth intends to file a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (“SEC”), which will include a proxy statement/prospectus related to the proposed business combination. Stockholders of Inception Growth are encouraged to read these materials carefully when available, as they will contain important information regarding the proposed transaction.

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No Offer or Solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall any sale of securities occur in any jurisdiction where such an offer, solicitation or sale would be unlawful prior to registration or qualification under applicable securities laws.

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Forward-Looking Statements

This release contains forward-looking statements, including but not limited to expectations related to the potential business combination, future operations, market expansion, and growth strategy of The Tomorrow Workforce. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those indicated. These risks are detailed in Inception Growth’s filings with the SEC. Neither party undertakes any obligation to update forward-looking statements unless required by law.

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Contacts

Philip Chua
CEO

The Tomorrow Workforce
philip.chua@ttw.today

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