Inflection Point Acquisition Corp. V

09/03/2026 | Press release | Distributed by Public on 09/03/2026 15:07

Proxy Results (Form 8-K)

Item 5.07 Submission of Matters to a Vote of Security Holders.

As previously disclosed, on October 13, 2025, Inflection Point Acquisition Corp. V, a Cayman Islands exempted company (the "Company" or "SPAC"), GOWell Technology Limited, a Cayman Islands exempted company (the "GOWell"), GOWell Energy Technology, a Cayman Islands exempted company ("PubCo"), and IPCV Merger Sub Limited, a Cayman Islands exempted company ("Merger Sub"), entered into a Business Combination Agreement (as amended by Amendment to the Business Combination Agreement, dated as of December 22, 2025, and Second Amendment to the Business Combination Agreement, dated as of July 13, 2026, as it may be further amended, restated, supplemented or otherwise modified from time to time, the "Business Combination Agreement" and the transactions contemplated thereby, collectively, the "Business Combination").

On September 3, 2026, the Company held an extraordinary general meeting (the "Extraordinary General Meeting"). As of June 30, 2026, the record date for the Extraordinary General Meeting, there were 11,909,375 ordinary shares of the Company issued and outstanding and entitled to vote at the Extraordinary General Meeting, of which 10,919,375 were Class A ordinary shares of the Company, par value $0.0001 per share ("Class A Shares") and 990,000 were Class B ordinary shares of the Company, par value $0.0001 per share ("Class B Shares"). Holders of 10,049,931 of the Company's ordinary shares were represented at the Extraordinary General Meeting, of which 9,059,931 were Class A Shares and 990,000 were Class B Shares. Therefore, a quorum was present.

At the Extraordinary General Meeting, the Company's shareholders approved the following proposals, each of which was described in more detail in the definitive proxy statement the Company filed with the Securities Exchange Commission (the "SEC") on August 12, 2026 (the "Proxy Statement"). Any terms used but not defined herein have the meaning assigned thereto in the Proxy Statement.

1. The Business Combination Proposal. To approve, subject to the approval of the Merger Proposal, by ordinary resolution, the Business Combination Agreement, pursuant to which the following will occur: (a) the Company will merge with and into PubCo, as a result of which the separate corporate existence of the Company will cease and PubCo will continue as the surviving company (the "First Merger"), and (b) Merger Sub will merge with and into GOWell, as a result of which the separate corporate existence of Merger Sub will cease and GOWell will continue as the surviving company and a wholly-owned direct subsidiary of PubCo. A copy of the Business Combination Agreement is attached to the Proxy Statement as Annex A. The Business Combination Proposal was approved. The final voting tabulation for this proposal was as follows:
Votes For Votes Against Abstentions Broker Non-Votes
9,073,774 976,157 0 0
2. The Merger Proposal. To approve, subject to the approval of the Business Combination Proposal, by special resolution, the Plan of Merger with respect to the First Merger (the "First Plan of Merger"), pursuant to which the Company will merge with and into PubCo, as a result of which the separate corporate existence of the Company will cease and PubCo will continue as the surviving company. A copy of the First Plan of Merger is attached to the Proxy Statement as Annex B. The Merger Proposal was approved. The final voting tabulation for this proposal was as follows:
Votes For Votes Against Abstentions Broker Non-Votes
9,073,774 976,157 0 0
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