Inflection Point Acquisition Corp. (IPAXU) Prices $300M IPO


Inflection Point Acquisition Corp. (IPAXU) Prices $300M IPO

Sep 21, 2021 IPOs by Marlena Haddad

Inflection Point Acquisition Corp. announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPAXU” Wednesday, September 22.

The Company intends to pursue a business combination with a North American or European business in the consumer and technology sectors, which complements the expertise of its management team. The company is led by Executive Chairwoman Paula Sutter, Co-Chief Executive Officers Michael Blitzer and Guy Shannon, and Chief Financial Officer Brian Pitz.

Total SPAC deal count for 2021 year-to-date is now 437. This offering is expected to close on Friday, September 24.

Citigroup Global Markets Inc. is serving as the representative of the underwriters for the offering. White & Case LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.