Inflection Point Acquisition Corp. II Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing on or about July 17, 2023
12 Juillet 2023 - 10:01PM
Inflection Point Acquisition Corp. II (Nasdaq: IPXXU) (the
“Company”) announced that holders of the units sold in the
Company’s initial public offering of 25,000,000 units, which
includes 3,000,000 units issued pursuant to the exercise by the
underwriters of their overallotment option, completed on May 30,
2023 (the “Offering”) may elect to separately trade the Class A
ordinary shares and warrants included in the units commencing on or
about July 17, 2023. Any units not separated will continue to trade
on The Nasdaq Global Market under the symbol “IPXXU”, and each of
the Class A ordinary shares and warrants will separately trade on
The Nasdaq Global Market under the symbols “IPXX” and “IPXXW,”
respectively. No fractional warrants will be issued upon separation
of the units and only whole warrants will trade. Holders of units
will need to have their brokers contact Continental Stock Transfer
& Trust Company, the Company’s transfer agent, in order to
separate the units into Class A ordinary shares and warrants.
The Company intends to pursue a business combination with a
North American or European business in
disruptive growth sectors, which complements the expertise of its
management team, but may pursue an initial business combination in
any industry, sector or geographic region. The company is led by
Chairman and Chief Executive Officer Michael Blitzer, Chief
Financial Officer Peter Ondishin and Directors Nicholas
Shekerdemian, Elliot Richmond, Paula Sutter, Erica Dorfman and
Samuel Sayegh.
A registration statement relating to the securities was declared
effective on May 24, 2023 in accordance with Section 8(a) of the
Securities Act of 1933, as amended. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
Company’s search for an initial business combination.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement for the initial public offering filed with the SEC.
Copies are available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
About Inflection Point Acquisition Corp. II
Inflection Point Acquisition Corp. II’s acquisition and value
creation strategy is to identify, partner with and help grow North
American and European businesses in
disruptive growth sectors, which complements the expertise of its
management team.
Contact
Kevin ShannonInflection Point Acquisition Corp.
IIkevin@inflectionpointacquisition.com
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