Inflection Point sponsor holds 9.6M Class B shares
Inflection Point Acquisition Corp. VIII (IPHXU) reported the initial beneficial ownership of its sponsor group on a Form 3.
Rhea-AI Filing Summary
Inflection Point Acquisition Corp. VIII (IPHXU) reported the initial beneficial ownership of its sponsor group on a Form 3. Inflection Point Holdings VIII LLC holds 9,583,333 Class B ordinary shares, which are convertible into an equal number of Class A ordinary shares and have no expiration date. Up to 1,250,000 of these Class B shares are subject to forfeiture depending on the underwriters' over-allotment option in the initial public offering. Inflection Point Asset Management LLC manages the holding entity, and Michael Blitzer controls the manager; both share voting and investment discretion and disclaim beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares, par value $0.0001 per share F1, F2 | -- | -- | -- |
Footnotes (2)
- F1. The Class B ordinary shares are convertible for the Issuer's Class A ordinary shares as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-298162) (as amended, the "Registration Statement") and have no expiration date. The Class B ordinary shares beneficially owned by the Reporting Persons include up to 1,250,000 Class B ordinary shares subject to forfeiture to the Issuer depending on the extent to which the underwriters' over-allotment option is exercised in connection with the Issuer's initial public offering of units, as described in the Registration Statement.
- F2. Inflection Point Holdings VIII LLC is the record holder of the securities reported herein. Inflection Point Asset Management LLC is the manager of Inflection Point Holdings VIII LLC and shares voting and investment discretion with respect to the securities held of record by Inflection Point Holdings VIII LLC. Michael Blitzer controls Inflection Point Asset Management LLC and shares voting and investment discretion with respect to the securities held of record by Inflection Point Holdings VIII LLC. Inflection Point Asset Management LLC and Michael Blitzer disclaim any beneficial ownership of the securities held by Inflection Point Holdings VIII LLC other than to the extent of any pecuniary interest it or he may have therein, directly or indirectly.
Key Figures
Key Terms
underwriters' over-allotment option financial
beneficial ownership financial
pecuniary interest financial
directors by deputization regulatory
FAQ
What ownership is reported on this Form 3 for IPHXU?
Who is the record holder of the reported IPHXU securities?
Are Inflection Point Holdings VIII LLC and Inflection Point Asset Management LLC considered directors of IPHXU?
AI-generated analysis. How Rhea-AI works. Not financial advice.