Inflection Point Acquisition Corp. VIII is offering 25,000,000 units at $10.00 each, targeting $250,000,000 in gross proceeds. Investors are buying into a structure designed to fund an initial Business combination, with $250,000,000 slated for a trust account and additional proceeds supporting related expenses and working capital.

Key Highlights

  • CCM’s Underwriting discounts and commissions total $0.65 per unit, or $16,250,000.
  • Private Placement warrants add $8,000,000 to total gross proceeds of $258,000,000 without the over-allotment option.
  • $250,000,000 of proceeds will be held in a trust account without the over-allotment option.

Inflection Point Acquisition Corp. VIII is offering 25,000,000 units at $10.00 each, targeting gross proceeds of $250,000,000. Proceeds before expenses to Inflection Point Acquisition Corp. VIII are $233,750,000 after underwriting discounts and commissions. The units are being sold by the issuer, with the money intended for an initial business combination, Working Capital and related expenses.

$250M Unit Offering

Each unit carries a public offering price of $10.00. CCM is serving as underwriter for the offering.

Underwriting discounts and commissions are $0.65 per unit, totaling $16,250,000. The stated commission includes $0.20 per unit payable when the offering closes, representing $5,000,000 in total.

The deferred portions are payable from funds remaining in the trust account after properly submitted Shareholder redemptions connected with an initial business combination.

Trust Account Holds Offering Proceeds

Continental Stock Transfer & Trust Company is acting as trustee.

The offering table lists $258,000,000 of total gross proceeds without the over-allotment option. That figure combines the $250,000,000 public unit offering with $8,000,000 from the private placement of warrants. With the option exercised in full, total gross proceeds would be $295,500,000.

Proceeds Cover Combination Costs

After offering expenses, the offering table shows $252,000,000 of proceeds without the over-allotment option, with $250,000,000 held in trust and $2,000,000 outside the trust account. The same table shows $289,500,000 after offering expenses if the option is exercised in full, with $287,500,000 held in trust and $2,000,000 outside it.

Legal, accounting, due diligence, travel and other initial business combination expenses are allocated $300,000. Legal and accounting fees linked to regulatory reporting obligations are allocated $75,000, while Nasdaq and other regulatory fees receive $75,000.

Consulting, travel and miscellaneous costs connected with searching for an initial business combination receive $40,000. Directors’ and officers’ Liability Insurance premiums are allocated $400,000, and miscellaneous working capital receives $1,110,000.

Withdrawals And Business Combination

Interest may also be withdrawn for taxes, with those tax withdrawals outside the annual limitation.