Inflection Point Acquisition Corp. III’s (NASDAQ:IPCXU) Lock-Up Period To End Tomorrow

Inflection Point Acquisition Corp. III’s (NASDAQ:IPCXU) lock-up period is set to end on Wednesday, October 22nd. Inflection Point Acquisition Corp. III had issued 22,000,000 shares in its public offering on April 25th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. After the end of Inflection Point Acquisition Corp. III’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Inflection Point Acquisition Corp. III Trading Down 0.4%

NASDAQ IPCXU opened at $10.55 on Tuesday. The stock’s fifty day moving average is $10.55. Inflection Point Acquisition Corp. III has a fifty-two week low of $10.07 and a fifty-two week high of $11.06.

Hedge Funds Weigh In On Inflection Point Acquisition Corp. III

Hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC purchased a new stake in Inflection Point Acquisition Corp. III in the second quarter valued at approximately $1,126,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Inflection Point Acquisition Corp. III in the 2nd quarter valued at $1,500,000. Moore Capital Management LP acquired a new position in Inflection Point Acquisition Corp. III during the 2nd quarter worth about $1,576,000. DLD Asset Management LP purchased a new position in Inflection Point Acquisition Corp. III during the 2nd quarter valued at about $2,016,000. Finally, Whitebox Advisors LLC acquired a new position in Inflection Point Acquisition Corp. III in the 2nd quarter valued at about $3,152,000.

About Inflection Point Acquisition Corp. III

We are a special purpose acquisition company incorporated on January 31, 2024, as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.