Inception Growth Acquisition Limited and The Tomorrow Workforce Holdings Limited Announce the Execution of a Definitive Business Combination Agreement
12 September 2023
The Tomorrow Workforce, a Singapore-based developer of enterprise-grade natural language code generation tools for machine-learning and data management platforms, today announced it has entered into a definitive business combination agreement with Inception Growth Acquisition Limited (NASDAQ: IGTA), a publicly traded special purpose acquisition company (SPAC) incorporated in Delaware.
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Upon the closing of the transaction, the newly combined company will be headquartered in the British Virgin Islands and operate under the new name Prodigy, Inc. Its ordinary shares are expected to be listed on the Nasdaq Stock Market under the ticker symbol “PRGY.”
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Philip Chua, CEO and founder of The Tomorrow Workforce, commented on the announcement: “The Tomorrow Workforce is thrilled to announce our partnership with IGTA to create more shareholder value. With our internally developed code generation technology and deep expertise in the software industry, we aim to harness the power of AI to transform the way software is built. This partnership enables us to access capital markets at a pivotal time in our industry’s evolution, allowing us to accelerate our growth and deliver even greater value to enterprises. We are committed to democratizing software development and making it accessible to all.”
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Cheuk Hang Chow, CEO of IGTA, said: “Since our inception, our mission has been to identify a high-caliber partner that can deliver long-term value to shareholders. We are proud to announce this business combination with The Tomorrow Workforce, whose cutting-edge AI technology and visionary leadership position them to automate and revolutionize key sectors of the software industry. Through numerous discussions with founders Tony and Francis, we’ve seen firsthand their commitment and capability to execute on their bold vision. We are excited to support them on this journey.”
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The Tomorrow Workforce operates through its Singapore subsidiary, The Tomorrow Workforce Pte Ltd., and focuses on leveraging artificial intelligence to simplify and automate complex coding tasks for enterprise clients. The company’s proprietary platform allows businesses to streamline development processes and manage large-scale data systems more efficiently using natural language commands.
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The business combination is expected to close following customary regulatory approvals and the satisfaction of closing conditions.
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About The Tomorrow Workforce
The Tomorrow Workforce is a technology company focused on transforming software development through AI-driven, natural language code generation. Its mission is to democratize coding and empower enterprises to innovate faster by making software development more accessible, efficient, and intelligent.
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About IGTA
Inception Growth Acquisition Limited (NASDAQ: IGTA) is a special purpose acquisition company formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology sector.
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Important Information Regarding the Proposed Business Combination
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In connection with the Business Combination Agreement dated September 12, 2023, among The Tomorrow Workforce Holdings Limited (“The Tomorrow Workforce”), Inception Growth Acquisition Limited (“IGTA”), IGTA Merger Sub Limited (“PubCo”), and certain shareholders of The Tomorrow Workforce (the “Business Combination”), relevant documents have been or will be filed with the U.S. Securities and Exchange Commission (“SEC”), including a registration statement on Form S-4, which also contains a proxy statement/prospectus.
Once declared effective by the SEC, the definitive proxy statement/prospectus (if and when available) will be delivered to IGTA’s stockholders for the meeting to vote on the Business Combination and related proposals. Additional relevant documents may also be filed with the SEC.This website does not contain all information regarding the Business Combination and should not be used as the basis for any investment or voting decisions. Investors and shareholders are strongly encouraged to review the registration statement on Form S-4, the definitive proxy statement/prospectus, and all related filings with the SEC carefully in their entirety when they become available, as these documents contain important information about the proposed transaction.​
 
Participants in Solicitation
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The Tomorrow Workforce, IGTA, and their respective directors and officers may be deemed participants in the solicitation of proxies in connection with the Business Combination. Further information about these individuals and their interests will be included in the proxy statement/prospectus and other relevant documents filed with the SEC.
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Information about IGTA’s current directors and officers, including their holdings, is available in IGTA’s Annual Report on Form 10-K filed on April 14, 2023, which can also be accessed at www.sec.gov.
 
No Offer or Solicitation
 
This website is not intended to solicit a proxy or offer to sell securities in connection with the Business Combination. No offer, solicitation, or sale will occur in any jurisdiction unless in compliance with applicable securities laws. Any securities offer will be made only through a prospectus that meets the requirements of Section 10 of the Securities Act of 1933 or an applicable exemption.
 
Forward-Looking Statements
 
This website contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These may include statements about the anticipated benefits of the Business Combination, future financial performance, and expectations of The Tomorrow Workforce and IGTA.
Words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “will,” and similar expressions are used to identify forward-looking statements. These statements are subject to various risks and uncertainties that could cause actual outcomes to differ materially from what is anticipated.
Risks include but are not limited to:
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The potential that the Business Combination may not be completed;
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Regulatory approvals and stockholder approval risks;
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Legal proceedings;
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The financial and operational performance of The Tomorrow Workforce;
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Industry conditions and competitive dynamics;
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And other risks described in the “Risk Factors” section of the registration statement on Form S-4.
The Tomorrow Workforce and IGTA are under no obligation to update forward-looking statements except as required by law
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