IPOs
By The Online Investor Staff, updated Fri., Jun. 9, 8:25 AM
| This Slide: #1 of 15 |
Slide #1. Inflection Point Acquisition Corp. II — Initial Public Offering
Company:
Inflection Point Acquisition Corp. II
Proposed Symbol:
IPXX
Shares Offered:
22,000,000
Price Per Share:
$10.00
Over-Allotment:
3,300,000
Description:
Inflection Point Acquisition Corp. II (the "Company"), a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, today announced the pricing of its upsized initial public offering of 22,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Global Market, or Nasdaq, and trade under the ticker symbol "IPXXU" beginning May 25, 2023. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "IPXX" and "IPXXW," respectively. Cantor Fitzgerald & Co. is serving as the representative of the underwriters for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units to cover over-allotments, if any.
