Inflection Point Acquisition Corp. II Files 8-K
Ticker: USAR · Form: 8-K · Filed: Nov 19, 2024 · CIK: 1970622
Sentiment: neutral
Topics: corporate-action, filing
TL;DR
IPXX filed an 8-K on Nov 19th covering Nov 18th events - changes to bylaws, shareholder votes, and other items.
AI Summary
Inflection Point Acquisition Corp. II filed an 8-K on November 19, 2024, reporting on events that occurred on November 18, 2024. The filing indicates changes to its articles of incorporation or bylaws, submission of matters to security holders, and other events, along with financial statements and exhibits. The company is involved in Metal Mining.
Why It Matters
This 8-K filing signals potential corporate actions or changes within Inflection Point Acquisition Corp. II that could impact its structure or operations.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting routine corporate events and does not indicate immediate financial distress or significant negative news.
Key Players & Entities
- Inflection Point Acquisition Corp. II (company) — Filer of the 8-K report
- November 19, 2024 (date) — Date of the 8-K filing
- November 18, 2024 (date) — Date of the earliest event reported
- Metal Mining (industry) — Standard Industrial Classification for the company
FAQ
What specific amendments were made to the articles of incorporation or bylaws?
The filing indicates that amendments were made, but the specific details of these amendments are not provided in this summary section of the 8-K.
What matters were submitted to a vote of security holders?
The filing states that matters were submitted to a vote of security holders, but the nature of these matters is not detailed in this section.
What are the 'Other Events' being reported?
The filing lists 'Other Events' as a category, but the specific events are not enumerated in this summary.
What is the SIC code for Inflection Point Acquisition Corp. II?
The Standard Industrial Classification (SIC) code for Inflection Point Acquisition Corp. II is 1000, which corresponds to Metal Mining.
What is the par value of the Class Ordinary Shares?
The par value of the Class Ordinary Shares is $0.0001 per share.
Filing Stats: 912 words · 4 min read · ~3 pages · Grade level 12.4 · Accepted 2024-11-19 17:14:17
Key Financial Figures
- $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemab
- $11.50 — ordinary share at an exercise price of $11.50 per share IPXXW The Nasdaq Stock Ma
- $10.83 — m their Public Shares for approximately $10.83 per share of the funds held in the Comp
- $23,888,761.86 — 's trust account, leaving approximately $23,888,761.86 in cash in the trust account after sati
Filing Documents
- ea0221714-8k_inflection2.htm (8-K) — 55KB
- ea022171401ex3-1_inflection2.htm (EX-3.1) — 5KB
- 0001213900-24-100239.txt ( ) — 290KB
- ipxx-20241118.xsd (EX-101.SCH) — 4KB
- ipxx-20241118_def.xml (EX-101.DEF) — 27KB
- ipxx-20241118_lab.xml (EX-101.LAB) — 37KB
- ipxx-20241118_pre.xml (EX-101.PRE) — 25KB
- ea0221714-8k_inflection2_htm.xml (XML) — 7KB
03
Item 5.03. Amendments to Articles of Incorporation or Bylaws. The information included in Item 5.07 is incorporated by reference in this item to the extent required.
07
Item 5.07. Submission of Matters to a Vote of Security Holders. On November 18, 2024, Inflection Point Acquisition Corp. II (the " Company ") held an extraordinary general meeting in lieu of an annual meeting of shareholders (the " Extraordinary General Meeting "). At the Extraordinary General Meeting, the Company's shareholders approved a proposal to amend the Company's Amended and Restated Memorandum and Articles of Association to extend the date by which the Company must complete a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination involving the Company and one or more businesses from November 30, 2024 to August 21, 2025 (the " Extension Amendment "). Additionally, the Company's shareholders approved a proposal to re-elect each of Erica Dorfman and Elliot Richmond as Class I directors to serve for a term of three years or until their respective successors are elected and qualified or otherwise as provided for in the Articles (the " Director Election Proposal "). The following is a tabulation of the votes with respect to the Extension Amendment, which was approved by the Company's shareholders: For Against Abstain 20,631,996 5,388,569 0 The following is a tabulation of the votes with respect to the Director Election Proposal, which was approved by the Company's shareholders: For Against Abstain 18,257,305 7,763,260 0 In connection with the Extraordinary General Meeting, shareholders holding an aggregate of 22,794,651 Class A ordinary shares of the Company (" Public Shares ") exercised their right to redeem their Public Shares for approximately $10.83 per share of the funds held in the Company's trust account, leaving approximately $23,888,761.86 in cash in the trust account after satisfaction of such redemptions. In addition, on November 18, 2024 the Company filed the Extension Amendment with the Cayman Islands Registrar of Companies. A copy of the Extensio
01
Item 8.01. Other Events. On November 18, 2024, pursuant to the terms of the Company's Amended and Restated Memorandum and Articles of Association, Inflection Point Holdings II LLC, (the " Sponsor "), the holder of an aggregate of 6,250,000 Class B ordinary shares (" Class B Ordinary Shares ") elected to convert 6,200,000 outstanding Class B Ordinary Shares held by it on a one-for-one basis into Class A ordinary shares of the Company, with immediate effect. Following such conversion and giving effect to the redemption of Public Shares in connection with the Extension Amendment, as of November 18, 2024, the Company had an aggregate of 8,405,349 Class A ordinary shares issued and outstanding and 50,000 Class B Ordinary Shares issued and outstanding.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibits 3.1 Amendment to the Registrant's Amended and Restated Memorandum and Articles of Association 104 Cover Page Interactive Data File-Embedded within the inline XBRL document. 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INFLECTION POINT ACQUISITION CORP. II By: /s/ Michael Blitzer Name: Michael Blitzer Title: Chairman and Chief Executive Officer Date: November 19, 2024 2