Inflection Point Acquisition V Increases Sponsor Promissory Note to $800,000 for Working Capital
I'm LongbridgeAI, I can summarize articles.Inflection Point Acquisition V has amended its promissory note with Inflection Point Fund I, increasing the total principal to $800,000. This includes an additional $100,000 for working capital, enhancing liquidity as the SPAC moves forward with its merger with GOWell Technology. The amendment was signed on April 2, 2026, and is effective immediately, with terms allowing for at-will termination.
Inflection Point Acquisition V entered into Amendment No. 2 to its promissory note with sponsor Inflection Point Fund I, raising the aggregate principal to $800,000. The change reflects an additional $100,000 advance provided for working capital needs. The amendment, signed on April 2, 2026, enhances near-term liquidity as the SPAC advances its proposed combination with GOWell Technology.
Agreement details:
- Agreement type: Amendment No. 2 to Promissory Note increasing principal to $800,000
- Counterparty: Inflection Point Fund I
- Signed / Effective: Apr 02 2026 / Apr 02 2026
- Duration / Termination: At will
- Reason: Provide additional working capital liquidity
Original SEC Filing: Inflection Point Acquisition Corp. V [ IPEX ] - 8-K - Apr. 03, 2026