Inflection Point Acquisition Corp. III Closes $253 Million IPO
Deal News | Apr 29, 2025 | EIN
Inflection Point Acquisition Corp. III, a special purpose acquisition company (SPAC), has successfully closed its initial public offering (IPO), raising $253 million which includes the exercise of the underwriters' overallotment option. Under the guidance of Chairman and CEO Michael Blitzer, the company aims to merge with businesses in disruptive growth sectors. Already trading under ticker symbol IPCXU on Nasdaq, the IPO's proceeds have been placed in trust. Additionally, a concurrent private placement raised $7.4 million, with the company's sponsor, Inflection Point Holdings III LLC, purchasing a significant portion. The company's intentions include pursuing a business combination in North America or Europe, yet they do not limit themselves to specific industries or regions.
Sectors
- Financial Services
- Investment Management
Geography
- United States – Inflection Point Acquisition Corp. III, based in New York, conducted its IPO in the U.S. market, and Cantor Fitzgerald & Co. is also located in New York.
- North America and Europe – The company is looking for business combinations within North America and Europe, emphasizing its geographical strategy.
Industry
- Financial Services – The article involves Inflection Point Acquisition Corp. III, a special purpose acquisition company, as well as Cantor Fitzgerald & Co., part of the financial services sector as they are involved in capital markets and underwriting activities.
- Investment Management – The article details an IPO conducted by a SPAC, which indicates activities typical of investment management firms engaging in mergers and acquisitions.
Financials
- $253,000,000 – Total gross proceeds from the initial public offering of 25,300,000 units.
- $7,400,000 – Gross proceeds from the private placement of 740,000 units.
- $10.00 – Price per unit in both the IPO and private placement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Inflection Point Acquisition Corp. III | Target | Company | A special purpose acquisition company (SPAC) formed for the purpose of merging with one or more businesses. |
| Inflection Point Holdings III LLC | Sponsor | Company | Sponsor of Inflection Point Acquisition Corp. III and purchaser of private placement units. |
| Cantor Fitzgerald & Co. | Underwriter | Company | Acted as the sole book-running manager for the offering and purchased private placement units. |
| Michael Blitzer | Chairman and CEO | Person | Leader of Inflection Point Acquisition Corp. III. |
| Peter Ondishin | Chief Financial Officer | Person | CFO of Inflection Point Acquisition Corp. III. |
| Kevin Shannon | Chief Operating Officer | Person | COO of Inflection Point Acquisition Corp. III. |
| Daniel Hoffman, Dr. Kamal Ghaffarian, William Denkin, Noah Levy | Directors | People | Board of Directors at Inflection Point Acquisition Corp. III. |