- Inflection Point Acquisition Corp. III prices its $220 million IPO, offering 22 million units at $10.00 each.
- Units will trade on Nasdaq under the ticker "IPCXU" starting April 25, 2025.
- The offering includes a 45-day over-allotment option for underwriters to purchase up to 3.3 million additional units.
Inflection Point Acquisition Corp. III is launching its initial public offering (IPO) valued at $220 million. The IPO comprises 22 million units priced at $10.00 per unit. Each unit includes one Class A ordinary share and one right to receive an additional one-tenth of a Class A share upon completion of a business combination. This structural approach diverges from traditional warrant inclusion in SPAC offerings.
The units, named under the ticker "IPCXU," will commence trading on Nasdaq on April 25, 2025. Once the unit components begin separate trading, the shares and rights are anticipated to be listed under the tickers "IPCX" and "IPCXR," respectively. Managed exclusively by Cantor Fitzgerald & Co., the IPO supports a 45-day option for underwriters to acquire up to 3.3 million extra units to cover over-allotments, potentially raising an additional $33 million.
Inflection Point Acquisition Corp. III aims to steer its efforts towards business mergers with firms in North America or Europe within disruptive growth sectors, though it maintains the flexibility to explore opportunities in any industry, sector, or geographical region. Spearheading the company are Chairman and CEO Michael Blitzer, CFO Peter Ondishin, and COO Kevin Shannon, among others.
The company is expected to finalize the offering by April 28, 2025, subject to standard closing conditions. Investors should be aware that as a SPAC, Inflection Point Acquisition Corp. III involves upfront capital commitment with the identification of target acquisition yet to be determined.
