Inflection Point Acquisition Corp. VIII (IPHXU) had its Chief Financial Officer, Adam Saks, file an initial statement of beneficial ownership of securities. The filing reports no transactions and no holdings of the company’s securities by Saks as of the date of this Form 3.
Inflection Point Acquisition Corp. VIII (IPHXU) filed an initial statement of beneficial ownership for William John Liquori Jr. He is identified as a director of the company and is not listed as an officer or ten percent owner. The filing reports no transactions, holdings, or derivative positions at this time.
Inflection Point Acquisition Corp. VIII (IPHXU) filed an initial statement of beneficial ownership for William Morris Denkin. He is identified as a director of the company and is now an insider for reporting purposes. The filing reports no transactions and no current holdings entries in company securities.
Inflection Point Acquisition Corp. VIII (IPHXU) is a Cayman Islands special purpose acquisition company (SPAC) conducting an initial public offering of 25,000,000 units at $10.00 per unit, for a total offering size of $250,000,000, with a 45‑day option for underwriters to buy up to 3,750,000 additional units. Each unit consists of one Class A ordinary share and one‑third of a redeemable warrant; each whole warrant allows purchase of one Class A share at $11.50, becoming exercisable 30 days after completion of the initial business combination and expiring five years thereafter.
Gross proceeds, together with $8,000,000 from a private placement of 8,000,000 warrants to the sponsor and Cohen & Company Capital Markets, will place $250,000,000 (or $287,500,000 if the over‑allotment is fully exercised) into a U.S. trust account at $10.00 per unit. Public shareholders may redeem shares in connection with a business combination or certain charter amendments, subject to a 15% cap per holder group, and the SPAC has a 24‑month completion window before mandatory liquidation and redemption.
The sponsor holds 9,583,333 Class B founder shares purchased for $25,000, creating potential dilution when converted into Class A shares, and IPF intends (subject to investment committee approval) to commit up to $25,000,000 in a PIPE for the future business combination. The company qualifies as an emerging growth company and a smaller reporting company, and highlights multiple conflicts of interest and dilution risks associated with founder shares, private placement warrants and potential PIPE or working capital financing.