Inflection Point Acquisition Corp. V (IPEX) SEC Filings, Jul-Aug 2026

Inflection Point Acquisition Corp. V (IPEX) reports that on August 25, 2026 its board of directors elected to extend the deadline to complete an initial business combination. The deadline moved from August 31, 2026 to September 30, 2026.

The company’s third amended and restated memorandum and articles of association, as amended, allow the board to extend this deadline up to four times in one‑month increments, to as late as December 31, 2026.

Inflection Point Acquisition Corp. V, a Cayman Islands SPAC, reported June 30, 2026 total assets of $91.1 million, almost entirely marketable securities in its Trust Account of $90.9 million, and cash outside the trust of $61,234. Liabilities were $7.2 million, including a $3.45 million deferred underwriting fee and an $800,000 sponsor loan, leaving a shareholders’ deficit of $7.0 million.

For the quarter, the company generated net income of $357,544, and $598,000 for the six months, driven by $1.58 million of interest on trust assets, partially offset by rising formation and operating costs of $986,584. As of June 30, 2026, there were 8,625,000 Class A shares subject to redemption at about $10.54 per share.

The SPAC has a working capital deficit of $2.76 million and discloses that mandatory liquidation if no business combination is completed within its "completion window" raises substantial doubt about its ability to continue as a going concern. Shareholders approved an extension of the deadline and, on August 12, 2026, redeemed 7,475,610 public shares for roughly $79.1 million, leaving about $12.2 million in the Trust Account and 4,433,765 ordinary shares outstanding while the company seeks to close its proposed business combination with GOWell Technology Limited.

Glazer Capital, LLC and Paul J. Glazer report beneficial ownership of Class A Ordinary Shares of Inflection Point Acquisition Corp. V. They report beneficial ownership of 658,790 Class A Ordinary Shares, representing 6.03% of the outstanding class.

The shares are held by certain funds and managed accounts for which Glazer Capital acts as investment manager, including Glazer Capital Enhanced Master Fund, Ltd., which has the right to receive or direct the receipt of proceeds from the sale of more than 5% of the outstanding Class A Ordinary Shares. Voting and dispositive power over all reported shares is shared, with no sole voting or dispositive power reported.

Inflection Point Acquisition Corp. V obtained shareholder approval to amend its memorandum and articles of association to extend the deadline to consummate an initial business combination from August 14, 2026 to August 31, 2026, with the board permitted to grant up to four additional one‑month extensions to December 31, 2026.

At the extraordinary general meeting, holders of 9,169,790 ordinary shares were present, and the Extension Amendment Proposal passed with 7,674,326 votes for and 1,495,464 against. In connection with the meeting, shareholders redeemed 7,475,610 Class A shares for approximately $10.59 per share from the Trust Account, leaving about $12,166,471 in cash in the Trust Account. After these redemptions, total shares outstanding were 4,433,765, consisting of 3,443,765 Class A shares and 990,000 Class B shares.

Mizuho Financial Group, Inc., as a parent holding company, reports beneficial ownership of common shares of Inflection Point Acquisition Corp. V. The reported position covers 616,586 common shares, representing 5.6% of this class of securities as of the reporting date.

Mizuho is reported to have sole voting power and sole dispositive power over 616,586 shares, with no shared voting or dispositive power. The filing states that Mizuho Financial Group, Inc., Mizuho Bank, Ltd. and Mizuho Americas LLC may be deemed indirect beneficial owners of these equity securities, which are directly held by their wholly owned subsidiary, Mizuho Securities USA LLC. The reporting person certifies that the foreign regulatory scheme applicable to the parent holding company is substantially comparable to the U.S. regulatory scheme for functionally equivalent institutions.

Inflection Point Acquisition Corp. V reported that the U.S. SEC declared effective the Registration Statement on Form F-4 filed by GOWell Technology Limited and GOWell Energy Technology in connection with their previously announced business combination with the SPAC. The effective registration includes a proxy statement/prospectus covering shares to be issued in the transaction. The definitive proxy statement/prospectus will be mailed to SPAC shareholders of record as of June 30, 2026 for voting on the business combination.

The company also highlighted a separate Extension proposal, for which a definitive proxy statement was filed on July 20, 2026, seeking shareholder approval to extend the deadline to complete an initial business combination. The disclosure emphasizes forward-looking statement risks and urges investors to read all proxy materials and SEC filings before making any voting or investment decision.

Inflection Point Acquisition Corp. V, a Cayman Islands SPAC listed on Nasdaq, reported that the registration statement related to its proposed business combination with GOWell Technology Limited and GOWell Energy Technology (“PubCo”) has been declared effective by the SEC as of August 11, 2026.

The effective registration statement includes a combined proxy statement/prospectus covering PubCo shares to be issued in the transaction. An extraordinary general meeting of SPAC shareholders to vote on the business combination is scheduled for September 3, 2026, with materials mailed to shareholders of record as of June 30, 2026.

Separately, the company has filed an Extension Proxy Statement to seek shareholder approval to extend the deadline to complete an initial business combination. Extensive forward-looking statements and risk disclosures emphasize that completion of the transaction and any extension remain subject to shareholder approval, satisfaction or waiver of closing conditions, and other uncertainties.

Inflection Point Acquisition Corp. V is asking shareholders to approve a business combination with GOWell Technology Limited, creating Cayman holding company GOWell Energy Technology (PubCo). The deal values GOWell at an Initial Merger Consideration of $300,000,000, translating into an estimated 28,571,430 PubCo Ordinary Shares based on a $10.50 redemption price cap.

GOWell shareholders will also be eligible for up to 20,000,000 Earnout Shares if 2026–2028 EBITDA targets of $35M, $50M and $70M are met at specified thresholds. Concurrent PIPE investments total about $70M in preferred shares and warrants, carrying 10% PIK or 8% cash dividends on accrued value.

Assuming no redemptions and excluding dilutive instruments, Public Shareholders are expected to own 18.4% of PubCo, while the GOWell shareholder would own about 61.2%, leaving PubCo a controlled company and a foreign private issuer under Nasdaq and U.S. rules. The closing is conditioned on, among other items, a $50,000,000 Minimum Cash Condition, which SPAC and GOWell may waive, and conditional approval of PubCo Ordinary Shares for listing on Nasdaq, which also may be waived.

Inflection Point Acquisition Corp. V is asking shareholders to approve an Extension Amendment to its Articles to move the deadline to complete an initial business combination from August 14, 2026 to August 31, 2026, and to allow the board to extend further, in one‑month steps, up to December 31, 2026. A related Adjournment Proposal would let the board postpone the meeting if more time is needed to gather votes or implement the extension.

The company has a pending Business Combination Agreement with GOWell Technology Limited and believes more time may be required to close it. Holders of Class A Public Shares may redeem in connection with the extension for cash equal to their pro‑rata share of the Trust Account; the anticipated per‑share redemption amount is about $10.54, based on funds in the trust as of June 30, 2026. If the extension is not approved and no business combination is completed by August 14, 2026, the company expects to redeem 100% of Public Shares and liquidate, with founder and private placement interests receiving nothing from the Trust Account.