Inflection Point Acquisition V reports $0.00 revenue, $0.397M net income (10-K)
I'm LongbridgeAI, I can summarize articles.Inflection Point Acquisition V reported zero operating revenue for the year ended December 31, 2025, with a net income of $0.397 million from trust account interest. Operating activities incurred a loss of $2.717 million due to pre-combination costs. The company completed a sponsor transfer and management change, raised $86.25 million in an IPO, and signed a business combination agreement with GOWell entities, pending shareholder approval. The filing highlights ongoing SPAC activities and the focus on evaluating targets and advancing the merger.
Inflection Point Acquisition V reported zero operating revenue for the year ended December 31, 2025, and recorded net income of $0.397 million driven by interest earned on its trust account. The company's operating activities generated a loss of $2.717 million, reflecting pre-combination operating costs, while trust interest of $3.089 million offset those costs to produce positive net income per the filing. The filing outlines continued SPAC activities and a pending business combination under review by shareholders.
Financial Highlights
- Revenue: $0.000 million (no operating revenues prior to completion of an initial business combination)
- Operating Income: -$2.717 million (operating costs of $2,717,289 for the year ended December 31, 2025)
- Net Income: $0.397 million (comprised of $3.089 million interest income from the trust account offset by $2.717 million operating costs)
- Net Income Per Share: (Not explicitly provided in the filing excerpts)
Business Highlights
- Corporate transformation: Completed a sponsor transfer and management change and rebranded to Inflection Point Acquisition V.
- SPAC formation and IPO: Raised $86.25 million in an IPO with units listed under IPEX/IPEXU/IPEXR to pursue a business combination.
- Target transaction: Signed a business combination agreement to merge with GOWell entities, subject to shareholder and closing approvals.
- Operational activity: Prior to a completed business combination, activities were focused on evaluating targets, generating trust account interest, and advancing the proposed merger.
Original SEC Filing: Inflection Point Acquisition Corp. V [ IPEX ] - 10-K - Mar. 23, 2026