Inflection Point Acquisition Corp V (NASDAQ: IPEX) is a blank check special purpose acquisition company (SPAC) formed to identify and complete a merger or acquisition with a target business. The company does not generate operating revenue. Instead, it raised $86,250,000 in gross proceeds through an IPO of 8,625,000 Units at $10.00 per Unit, completed on February 14, 2025, with proceeds held in a Trust Account pending an initial business combination. Originally incorporated as Maywood Acquisition Corp., the company renamed itself Inflection Point Acquisition Corp. V following shareholder approval on November 19, 2025, and its Class A Ordinary Shares, Units, and Rights began trading under the symbols IPEX, IPEXU, and IPEXR on November 25, 2025. As of the 10-K filed March 24, 2026, the company has entered into a Business Combination Agreement with GOWell Technology Limited, a Cayman Islands exempted company, dated October 13, 2025. Zikang Wu serves as Chairman, Chief Executive Officer, and Chief Financial Officer. No cash dividends have been paid as of December 31, 2025.

Revenue model

No operating revenue. The company holds IPO proceeds of $86,250,000 in a Trust Account, earning interest until an initial business combination is completed or funds are returned to shareholders via redemption.

Products and services

Class A Ordinary Shares (IPEX), Units (IPEXU), and Rights (IPEXR) listed on Nasdaq. Private Placement Units were also sold in connection with the February 14, 2025 IPO.

Customers and end markets

Public shareholders who purchased Units at $10.00 per Unit in the February 14, 2025 IPO. As of December 31, 2025, there were two holders of record of Class A Ordinary Shares and the company believes it has in excess of 300 beneficial holders.

Value-chain role

SPAC sponsor and acquisition vehicle. The company sources, negotiates, and executes a business combination with a private target, providing that target a path to public listing. A $700,000 unsecured promissory note from the Sponsor (as of January 7, 2026 amendment) funds working capital prior to deal close.

Geographic exposure

Incorporated in the Cayman Islands. Nasdaq-listed. Proposed business combination target, GOWell Technology Limited, is a Cayman Islands exempted company. No operating geographic footprint disclosed.

Source: SEC 10-K, filed 2026-03-24

Industry: Blank Checks