Inflection Point Acquisition II priced its upsized initial public offering of 22 million units at $10 each. The offering included 2 million more units than initially registered in April.
The units began listing today on the Nasdaq under ticker symbol IPXXU. Each consists of one share and one-half of a warrant.
Once the securities begin separate trading, shares and warrants are expected to list under the symbols IPXX and IPXXW.
The SPAC intends to pursue a business combination with a North American or European business in disruptive growth sectors. Chairman and CEO Michael Blitzer is the founder and co-CEO of Kingstown Capital Management, which he founded in 2006 and grew into a multi-billion-dollar asset manager.
Cantor Fitzgerald is serving as the representative of the underwriters for the offering.
The offering is expected to close May 30. Read more.
