Item 1.01 Entry into a Material Definitive Agreement.

On March 21, 2022, IG Acquisition Corp. (the "Company") issued an amended and restated promissory note (the "Amended Note") to IG Sponsor LLC (the "Sponsor"), which amended and restated in its entirety the note initially issued by the Company to the Sponsor on November 11, 2021 (the "Original Note"). The Amended Note provides for a principal amount of up to $1,000,000, an increase from up to $500,000. The Amended Note was issued in connection with advances the Sponsor has made, and may make in the future, to the Company for working capital expenses. The Amended Note bears no interest and is due and payable upon the earlier of (i) October 5, 2022 or (ii) the date on which the Company consummates its initial business combination. The Amended Note also eliminated the provisions in the Original Note relating to the Sponsor's right to elect to have all or a portion of the unpaid principal amount be converted into warrants of the Company.

The issuance of the Amended Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

The foregoing description is qualified in its entirety by reference to the Amended Note, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant.

The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.

Item 9.01. Financial Statements and Exhibits.





  (d) Exhibits.




Exhibit
Number    Description
10.1        Amended and Restated Promissory Note of the Company, dated March 21,
          2021.
104       Cover Page Interactive Data File (embedded within the Inline XBRL
          document)




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