Conyers has advised Inflection Point Acquisition Corp. III (Inflection III), a special purpose acquisition company, on its US$253 million initial public offering (IPO) on the Nasdaq Global Market (Nasdaq).
Inflection III is a newly organised special purpose acquisition company incorporated in the Cayman Islands whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination with one or more businesses.
The IPO is comprised of an offering of 22,000,000 units at a price of US$10.00 per unit, together with an additional 3,300,000 units to cover over-allotments. Each unit consists of one Class A ordinary share and one-tenth of one right to receive a Class A ordinary share in connection with the consummation of an initial business combination. The units are listed on the Nasdaq and began trading under the ticker symbol “IPCXU” on 28 April 2025. Once the securities comprising the units begin trading separately, Inflection III expects that its Class A ordinary shares and rights will be listed under the symbols “IPCX” and “IPCXR”, respectively.
This transaction marks the second initial public offering that Conyers, together with White & Case LLP, have advised on for the Inflection Point team, following the successful initial public offering of Inflection Point Acquisition Corp. II in 2023 and its subsequent business combination with USA Rare Earth, LLC which closed in April 2025.
Partner Alex Davies, Counsel Matthew Harkness, Senior Associate Mauricio Da Rocha and Associate Daniel Cannon of Conyers’ Cayman office advised on the Cayman Islands legal aspects of the IPO working alongside White & Case LLP as lead legal advisor to Inflection III.