This is a standard SPAC IPO with no target identified. Monitor for future 8-Ks announcing a definitive agreement for a business combination, as well as the timing of the over-allotment exercise (45-day window). The sponsor lock-up and founder share conversion mechanics are typical for the structure. No immediate trading catalyst.
Price Chart
Executive Summary
InterPrivate Investment Partners V, Inc., a blank-check SPAC, completed its initial public offering of 17,500,000 units at $10.00 per unit, raising $175M in gross proceeds (plus an over-allotment option for up to 2,625,000 additional units). Simultaneously, the sponsor purchased 365,000 private placement units and underwriters purchased 175,000 private placement units at $10.00 each. The net proceeds are held in trust pending a business combination. The company also adopted amended charter documents, elected directors, and entered into standard SPAC agreements (trust, warrant, registration rights). This is a routine SPAC IPO process with no business combination identified yet.
Key Financial Metrics
Key Facts
- IPO of 17,500,000 units at $10.00/unit, each consisting of one Class A ordinary share and one-third of one redeemable warrant
- Gross proceeds from IPO placed in trust: $175,000,000 (plus potential $26.25M from over-allotment)
- Sponsor purchased 365,000 placement units ($3.65M) and underwriters purchased 175,000 placement units ($1.75M) in private placements
- Sponsor holds 5,031,250 Class B founder shares (subject to forfeiture if over-allotment not exercised in full)
- Deferred underwriting commission: 4.0% of firm unit proceeds ($7M) and 6.0% of option unit proceeds (up to $1.575M), payable only upon business combination
- Amended and restated memorandum and articles of association adopted effective June 3, 2026
- Underwriting agreement with Cantor Fitzgerald & Co. dated June 3, 2026
- No target business identified or selected as of the filing date
- Company has 24 months from IPO to consummate a business combination or will liquidate
Financial Impact
$175M deposited in trust from IPO; up to $201.25M if over-allotment fully exercised. Private placements add $5.4M. Deferred underwriting commission of ~$8.575M payable only upon business combination.
Risk Factors
- No identified acquisition target — risk of failing to consummate a business combination within 24 months
- Dilution from warrants and potential future equity-linked securities at business combination
- Founder shares and placement units subject to transfer restrictions post-business combination
- If no deal, shareholders only receive trust proceeds (~$10/share) and warrants expire worthless
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-066300 |
| Document: ea029387301ex1-1.htm | 0001213900-26-066300 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 3 | $9.94 $9.98 | ▲ +0.45% | ▼ −3.17% | $9.94 (+0.05%) |
Jun 8, 2026 20w ago | 8-K | $9.94 $9.94 | · 0.00% | ▼ −1.13% | $9.94 (−0.00%) |
Jun 5, 2026 20w ago | Press Release | $9.96 $9.95 | ▼ −0.05% | ▼ −1.68% | $9.94 (−0.15%) |
Jun 4, 2026 20w ago | 424B4 | $9.95 $9.95 | · 0.00% | ▲ +1.37% | $9.94 (−0.10%) |
Jun 4, 2026 20w ago | Press Release | $9.95 $9.95 | · 0.00% | ▲ +1.37% | $9.94 (−0.10%) |
US Market Status
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