Inflection Point Acquisition Corp. III Announces $220 Million IPO Pricing
Deal News | Apr 24, 2025 | EIN
Inflection Point Acquisition Corp. III has announced the pricing of its initial public offering (IPO) at $220 million. The company, a special purpose acquisition company, is targeting a merger or similar business combination with North American or European businesses in disruptive growth sectors. The units, priced at $10 each, will begin trading on Nasdaq under the ticker symbol IPCXU. Each unit includes one Class A ordinary share and one right to receive one-tenth of an additional share upon the business combination's closure. Led by CEO Michael Blitzer, Inflection Point is offering an additional 3.3 million units to cover over-allotments. The offering is managed by Cantor Fitzgerald & Co. The IPO aims to close by April 28, 2025, with the registration made effective by the SEC on April 24, 2025.
Sectors
- Finance and Investment
- Technology and Disruptive Industries
Geography
- United States – The IPO is taking place in the United States, with the company's units to be listed on the Nasdaq exchange.
- North America and Europe – These regions are targeted for potential business combinations, emphasizing the company's strategic focus.
Industry
- Finance and Investment – The article discusses the IPO of a special purpose acquisition company (SPAC) which is a part of the finance and investment sector involved in mergers and acquisitions.
- Technology and Disruptive Industries – The target for Inflection Point Acquisition Corp. III includes businesses in disruptive growth sectors, indicating a focus on technology and innovative industries.
Financials
- 220,000,000 – The total amount raised from the initial public offering by Inflection Point Acquisition Corp. III.
- 10 – The price per unit in the IPO, each consisting of a Class A ordinary share and a right to additional shares.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Inflection Point Acquisition Corp. III | Target/Issuer | Company | Inflection Point Acquisition Corp. III is a SPAC focused on mergers or business combinations in disruptive growth sectors. |
| Cantor Fitzgerald & Co. | Sole Book-running Manager | Company | Cantor Fitzgerald & Co. is the sole book-running manager for the IPO offering. |
| Michael Blitzer | Chairman and CEO | Person | Michael Blitzer is the Chairman and CEO leading Inflection Point Acquisition Corp. III. |
| Peter Ondishin | CFO | Person | Peter Ondishin serves as the Chief Financial Officer of Inflection Point Acquisition Corp. III. |
| Kevin Shannon | COO | Person | Kevin Shannon is the Chief Operating Officer at Inflection Point Acquisition Corp. III. |
| Securities and Exchange Commission (SEC) | Regulatory Body | Government | The SEC declared the registration statement effective, facilitating the IPO. |