Inflection Point Acquisition Prices $220 Million IPO

MT Newswires Live

04/25

Inflection Point Acquisition said Thursday it priced its initial public offering of 22 million units at $10 per unit.

Each unit is comprised of one class A share and one right to receive one-tenth of a class A share following the company's initial merger.

The special purpose acquisition company said the units will begin trading this Friday on Nasdaq under the ticker "IPCXU." Once the units begin trading separately, the class A shares will trade under the ticker "IPCX," while the rights will trade under the ticker "IPCXR."

The IPO is set to close on Monday.

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