NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) — Inflection Point Acquisition Corp. III (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, today announced the closing of its initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the full exercise by the underwriters of their overallotment option at a price of $10.00 per unit, resulting in gross proceeds of $253,000,000. Each unit consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon the closing of the Company’s initial business combination. The units are listed on The Nasdaq Global Market, or Nasdaq, and began trading under the ticker symbol “IPCXU” on April 25, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols “IPCX” and “IPCXR,” respectively.
Concurrently with the closing of the initial public offering, the Company closed on a private placement of 740,000 private placement units at a price of $10.00 per unit, resulting in gross proceeds of $7,400,000. Inflection Point Holdings III LLC, the Company’s sponsor, purchased 500,000 of the private placement units and Cantor Fitzgerald & Co., the representative of the underwriters of the initial public offering, purchased 240,000 of the …
Full story available on Benzinga.com
NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) — Inflection Point Acquisition Corp. III (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, today announced the closing of its initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the full exercise by the underwriters of their overallotment option at a price of $10.00 per unit, resulting in gross proceeds of $253,000,000. Each unit consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon the closing of the Company’s initial business combination. The units are listed on The Nasdaq Global Market, or Nasdaq, and began trading under the ticker symbol “IPCXU” on April 25, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols “IPCX” and “IPCXR,” respectively.
Concurrently with the closing of the initial public offering, the Company closed on a private placement of 740,000 private placement units at a price of $10.00 per unit, resulting in gross proceeds of $7,400,000. Inflection Point Holdings III LLC, the Company’s sponsor, purchased 500,000 of the private placement units and Cantor Fitzgerald & Co., the representative of the underwriters of the initial public offering, purchased 240,000 of the …
Full story available on Benzinga.com
NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) — Inflection Point Acquisition Corp. III (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, today announced the closing of its initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the full exercise by the underwriters of their overallotment option at a price of $10.00 per unit, resulting in gross proceeds of $253,000,000. Each unit consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon the closing of the Company’s initial business combination. The units are listed on The Nasdaq Global Market, or Nasdaq, and began trading under the ticker symbol “IPCXU” on April 25, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols “IPCX” and “IPCXR,” respectively.
Concurrently with the closing of the initial public offering, the Company closed on a private placement of 740,000 private placement units at a price of $10.00 per unit, resulting in gross proceeds of $7,400,000. Inflection Point Holdings III LLC, the Company’s sponsor, purchased 500,000 of the private placement units and Cantor Fitzgerald & Co., the representative of the underwriters of the initial public offering, purchased 240,000 of the …Full story available on Benzinga.com Read MoreIPCX, IPCXR, IPCXU, News, IPOs, Press Releases IPOs
