Invest Green Acquisition Corp (IGAC) - Form 8-K Summary
Business Context and Reporting Period
Company: Invest Green Acquisition Corporation (IGAC)
Filing Date: February 17, 2026
Reporting Period: Current Report (Event Date: February 17, 2026)
Business Type: Special Purpose Acquisition Company (SPAC) incorporated in the Cayman Islands.
Securities: Units (IGACU), Class A Ordinary Shares (IGAC), and Rights (IGACW) listed on The Nasdaq Stock Market LLC.
Key Financial Metrics
This filing does not contain standard financial statements (revenue, profit, cash flow, or margins) as it reports a specific corporate event rather than periodic financial performance.
| Metric | Value |
|---|---|
| New Debt Instrument | $3,500,000 (Unsecured Promissory Note) |
| Interest Rate | 0% (Non-interest bearing) |
| Effective Date of Note | December 1, 2025 |
| Conversion Price | $5.00 per Unit |
Material Changes
The Company entered into a Material Definitive Agreement with its sponsor, IG SPAC Sponsor LLC. The primary changes include:
- Debt Issuance: Issuance of a $3,500,000 unsecured promissory note.
- Liquidity Impact: The note provides working capital to the Company.
- Equity Dilution Potential: The Sponsor has the option to convert the note principal into "Working Capital Units" at any time prior to the Maturity Date.
Outlook, Risks, and Unusual Items
Terms of the Note:
- Maturity Date: Payable upon the consummation of a business combination.
- Conversion Terms: Sponsor may convert the outstanding principal into units at $5.00 per unit. Each unit consists of one Class A ordinary share and one right (entitling the holder to 1/10 of a share upon business combination).
- Unit Parity: Converted units will have terms identical to private placement units sold during the IPO on November 26, 2025.
Risks/Contingencies: The filing does not explicitly list new risks beyond the standard obligations of the note. The primary contingency is the timing of the business combination, which triggers the repayment or conversion of the debt.
Investor Verification Checklist
- Verify the exact terms of the Promissory Note in Exhibit 10.1 attached to the filing.
- Confirm the current cash balance of the Company to assess the immediate impact of the $3.5M injection.
- Monitor the Company's progress toward a business combination, as this event triggers the note's maturity.
- Review the potential dilution impact if the Sponsor exercises the conversion option at $5.00 per unit.
- Check for any subsequent filings regarding the status of the business combination search.