- CEO
- Michael Blitzer
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 167 Madison Avenue New York City NY United States of America 10016
- IPO Date
- Jul 17, 2023
- Business
- Inflection Point Acquisition Corp. II (Nasdaq: IPXX) operates as a blank-check special purpose acquisition company focused on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations or similar business combinations with one or more businesses, primarily targeting high-growth enterprises in disruptive sectors such as technology, digital infrastructure, artificial intelligence, Internet of Things, and materials; it offers public market access to private companies through its SPAC structure, including Class A ordinary shares, redeemable warrants exercisable at $11.50 per share, and related securities issued via initial public offerings and private investments in public equity. The company, incorporated in 2023 and headquartered in New York, New York, completed its upsized $220 million initial public offering in May 2023, raising proceeds held substantially in trust, and pursues targets across North America, Europe, and select global markets with scalable models and strong revenue potential. In March 2025, Inflection Point Acquisition Corp. II closed a $950 million business combination with USA Rare Earth, LLC, resulting in the combined entity trading as USA Rare Earth, Inc. (Nasdaq: USAR) from March 14, 2025, after stockholder approval on March 10, 2025 and an upsized PIPE investment totaling nearly $50 million from IPXX affiliates and other investors; IPXX shares were delisted following the merger, marking the completion of its SPAC lifecycle.