Inflection Point Acquisition Corp II
For the period ended Dec 31, 2023. Filed Apr 2, 2024.
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FY2023 · Filed Apr 2, 2024
USAR$7.92-9.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statement of Cash Flows
| Cash Flows from Operating Activities: | |
|---|---|
| Net income | $6,748,069 |
| Adjustments to reconcile net income to net cash used in operating activities: | |
| Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | 5,845 |
| Dividend income earned on marketable securities held in Trust Account | (7,721,518) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | (9,783) |
| Prepaid insurance | (205,604) |
| Accrued expenses | 234,985 |
| Net cash used in operating activities | (948,006) |
| Cash Flows from Investing Activities: | |
| Investment of cash into Trust Account | (251,250,000) |
| Net cash used in investing activities | (251,250,000) |
| Cash Flows from Financing Activities: | |
| Proceeds from sale of Units, net of underwriting discounts paid | 245,600,000 |
| Proceeds from sale of private placements warrants | 7,650,000 |
| Repayment of promissory note – related party | (179,665) |
| Refund of offering costs included in accrued offering costs | 75,000 |
| Payment of offering costs | (671,664) |
| Net cash provided by financing activities | 252,473,671 |
| Net Change in Cash | 275,665 |
| Cash – Beginning of period | — |
| Cash – End of period | $275,665 |
| Supplemental disclosure of cash flow information: | |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | $11,000 |
| Prepaid services paid by Sponsor in exchange for issuance of Class B ordinary shares | $8,155 |
| Deferred offering costs paid through promissory note – related party | $179,213 |
| Accretion of Class A ordinary shares to redemption value | $29,242,197 |
| Deferred underwriting fee payable | $13,100,000 |
| Forfeiture of Founder Shares | $8 |
| Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | $5,845 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.