Inflection Point Acquisition Corp. II Announces Closing of Upsized $250 Million Initial Public Offering

NEW YORK, May 30, 2023 (GLOBE NEWSWIRE) --  Inflection Point Acquisition Corp. II (the “Company”), a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its initial public offering of 25,000,000 units which was upsized and which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their overallotment option at a price of $10.00 per unit, resulting in gross proceeds of $250,000,000. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. The units are listed on The Nasdaq Global Market, or Nasdaq, and began trading under the ticker symbol “IPXXU” on May 25, 2023. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “IPXX” and “IPXXW,” respectively.

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