Inflection Point Acquisition priced its IPO of 30 million units at $10 each. Units begin trading today on the Nasdaq under IPAXU. Each consists of one share and one-half of one redeemable warrant.
Once the securities begin separate trading, shares and warrants are expected to list under IPAX and IPAXW.
The SPAC intends to pursue a business combination with a North American or European business in the consumer and technology sectors, which complements the expertise of the management team.
The offering is expected to close Sept. 24.
Citigroup is the underwriter for the offering and has an option to purchase up to an additional 4.5 million units to cover over-allotments, if any. Read more.
