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Inflection Point Acquisition Corp. V, a SPAC, amended its existing promissory note with its sponsor on January 7, 2026. The amendment increases the aggregate principal on the non-interest-bearing note to $700,000 to reflect an additional $200,000 working capital advance from Inflection Point Fund I LP.
The initial $500,000 portion is repayable in cash only upon the closing of the SPAC’s initial business combination. The additional $200,000 is repayable upon the earlier of the business combination closing or the SPAC’s liquidation. The note may not be prepaid. The report also references the pending proposed business combination with GOWell Technology Limited under a previously signed business combination agreement.
GOWell Technology Limited announced that it took part in an advanced well integrity benchmarking program run by an independent Net Zero organization at the NORCE testing facility in Stavanger, Norway. Over a four-week period, participating companies repeatedly deployed their technologies under defined benchmark conditions to compare performance.
Supported by a major international oil company, GOWell showcased a new Selective Non-Harmonic Resonance technique for tubular cement evaluation, which it believes can improve sensitivity to cement while avoiding common technical pitfalls, and also used its dual-tubular azimuthal evaluation technology for integrated assessment of metal tubulars and cement sheaths. The company reiterates that it has entered into a business combination agreement with Inflection Point Acquisition Corp. V, after which the combined company is expected to operate as GOWell Energy Technology and trade on Nasdaq under the ticker “GOW,” subject to listing requirements and other closing conditions.