GOWell Energy Technology (GOW) SEC Filings

GOWell Energy Technology (GOW) reported first-half 2026 results for its operating subsidiary, GOWell Technology Limited: revenue was $33.8 million, up 43% from $23.6 million a year earlier. Operating profit increased 135% to $9.1 million, net profit rose 38% to $3.7 million, and non-IFRS Adjusted EBITDA increased 79% to $14.1 million. Revenue growth was driven primarily by a $9.0 million increase in equipment sales and a $1.2 million increase in service revenue.

GTL reported $4.3 million in finance costs, primarily related to redeemable preference shares, and a $1.6 million fair-value loss on derivatives, which partly offset higher operating profit. GTL’s cash and cash equivalents were $2.9 million as of June 30, 2026, compared with $6.8 million as of December 31, 2025.

GOWell reaffirmed FY2026 guidance of $60 million to $68 million in revenue and $25 million to $29 million in Adjusted EBITDA; 2025 reported revenue and Adjusted EBITDA were $47.2 million and $17.8 million. The company completed its business combination with Inflection Point on September 25, 2026, and began trading on Nasdaq on September 28, 2026. The guidance is based on variables and assumptions described as inherently uncertain.

GOWell Energy Technology will host its First Half 2026 Financial Results & Corporate Update Webinar on Wednesday, October 21, 2026, at 10:00 a.m. ET. The event will include a presentation and Q&A with CEO Guillaume Borrel, CFO Mike Reed and VP of Corporate Development David MacNeill. Management plans to discuss first-half 2026 financial results, operational strategy and outlook; a recording will be available on GOWell’s website following the live event. The webinar follows completion of GOWell’s business combination with Inflection Point Acquisition Corp. V on September 25, 2026, and the start of GOW trading on Nasdaq on September 28, 2026.

GOWell Energy Technology completed its business combination on September 24 and September 25, 2026. Inflection Point Fund I, LP reported beneficial ownership of 4,117,585 ordinary shares, or 9.87%, including 990,000 ordinary shares held by the fund, 2,147,193 shares issuable upon conversion of Series A preferred shares, and 980,392 shares issuable upon warrant exercise. The percentage is based on 38,602,261 ordinary shares outstanding as of the business-combination consummation, applying the stated 60-day treatment for qualifying derivative securities.

In the transaction, the fund acquired 2,453,935 Series A preferred shares and 980,392 warrants, following a $20 million investment in GOWell. The preferred shares had an accrued value of $25,766,318; their initial conversion price and the warrants’ initial exercise price were $12 per ordinary share, subject to adjustments. GOWell agreed to file a shelf registration statement for sale or resale of Registrable Securities no later than 30 days after closing.

GOWell Energy Technology (GOW) shareholder Michael Blitzer reported beneficial ownership of 3,607,705 ordinary shares, or 9.35% of the class. He reported sole voting and dispositive power over all 3,607,705 shares, with no shared voting or dispositive power.

GOWell Energy Technology shares: Hegro Well Pte. Ltd. received 28,571,430 ordinary shares as consideration in the business combination; the reporting persons state that no funds were used to acquire them. Hegro is the record holder, and Hegro, its parent Xi'an Gewei Petroleum Equipment Co., Ltd., Xi Zhang (the issuer's chairman) and Wenhua Liu (a director) may each be deemed to beneficially own and share voting and dispositive power over those same shares, representing approximately 74.0% of outstanding ordinary shares.

While Hegro, its affiliates and shareholders that have entered into an acting-in-concert agreement with Hegro collectively hold not less than 40% of the issuer's then-issued and outstanding ordinary and preferred shares, Hegro may appoint and maintain directors constituting 50% of the board and remove or replace those appointees. Under the business combination agreement, Hegro and Inflection Point Fund I LP, or their successors and assigns, may receive their allocable portion of up to 20,000,000 additional ordinary shares in three tranches if specified EBITDA targets for fiscal years 2026, 2027 and 2028 are achieved, as reported in the issuer's annual report filed with the SEC.

GOWell Energy Technology director Kevin George Shannon acquired 1,105,312 ordinary shares on September 25, 2026, when shares previously granted by GOWell Technology Limited as consideration for services were assumed and converted into GOWell Energy Technology shares at the business-combination closing. The shares are subject to vesting 150 days after closing, provided he continues serving the issuer.

As of September 25, 2026, GOWell Energy Technology (GOW) became the successor to Inflection Point Acquisition Corp. V in connection with the business combination involving GOWell Technology Limited. Director Kevin George Shannon is named as the reporting person. The issuer states that, due to its foreign private issuer status, transactions in its equity securities are exempt from Sections 16(b) and 16(c).

GOWell Energy Technology (GOW) director and ten percent owner Xi nmn Zhang reports indirect ownership of 28,571,430 Ordinary Shares as of September 25, 2026. The shares are held of record by Hegro Well Pte. Ltd., which is wholly owned by Xi'an Gewei Petroleum Equipment Co., Ltd., an entity controlled by Mr. Zhang.

GOWell Energy Technology (GOW) is the issuer for director and 10% owner Wenhua Wendy Liu’s reported indirect beneficial ownership of 28,571,430 ordinary shares as of September 25, 2026. The shares are held of record by Hegro Well Pte. Ltd., which is wholly owned by Xi’an Gewei Petroleum Equipment Co., Ltd., an entity controlled by Xi Zhang, Liu’s spouse. Liu is deemed to beneficially own the shares.