Inflection Point Acquisition Corp. VIII
IPHX
NO ACTION REQUIRED
Nothing required today
No redemption election is on file for this SPAC. A date appears here the day one is filed.
Cash per share
Held for each public share, as last filed.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
SpacBrain’s read
Floor not confirmed
No redemption window has closed — but no dated redemption election is on file for this name either, so we cannot show you a date to act by.
What we do have: no window has closed, and no company deadline is on file either. The full chain of evidence is under Evidence.
In plain terms
- What it is
- A SPAC from Inflection Point (Michael Blitzer), listed in August 2026.
- What it's doing now
- It is still looking: no purchase has been announced, and no deadline for agreeing one is on file with us.
- What you should know
- We have no filed date on which you could claim the cash back, so we cannot tell you a day to act by. That is a gap in the public record, not a statement that the right has gone.
At a glance
- Where it stands
- Searching
- Merging with
- No target announced — still searching.
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- not stated in the filings we hold
- Price vs cash floor
- no live price on file
- Cash left in trust
- not yet extracted into a snapshot — the filings below may state it
- IPO
- 31 August 2026
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 1680 MICHIGAN AVENUE, MIAMI BEACH, FL, 33139
- registered in the Cayman Islands
- Lead underwriter
- Cohen & Company Capital Markets
- Key officers
- Shannon Kevin George (Chief Executive Officer) · Denkin William Morris (Director) · BLITZER MICHAEL (Director)
- Listed securities
- IPHX common · IPHXU unit $10.11
As last filed — the filing date is not recorded.
Nothing dated is on file. That is an absence in our record, not a statement that nothing is coming.
Yield to redemption
No dated redemption window on file — no yield to compute.
No price on file — nothing to buy at. An unsourced date would make the yield look filed when it is not.
What is protecting this price
The reasoning behind the verdict above, in the order the filings establish it.
- No dated redemption election is on file for this name. That is an absence in the record, not proof that the right has gone — but it does mean this page cannot tell you a day to act by.
- Cash held in trust is $10.00 per share as last filed. That is the figure a redemption pays out at, plus whatever interest the trust earns between the filing and the window.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 31 August 2026IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsIPHX is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
A planned $250 million SPAC — the eighth in Michael Blitzer's Inflection Point series — whose August 2026 SEC prospectus offers 25 million units at $10, aimed at North American or European businesses in disruptive growth sectors. Not yet listed; no ticker or target.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
This filing confirms the final capital raised and the establishment of the trust account, which determines the redemption value per share ($10) and sets the baseline for the SPAC's search period and deadline calculations.
This confirms the capital raise amount and trust value available for redemption or business combination, while identifying the sponsor's significant private warrant holdings and the board composition that will oversee the search for a target.
This establishes a new SPAC with a two-year shelf life, a large trust ($250M), a $25M intended PIPE (non-binding), and multiple conflicts of interest. Redemption deadlines, trust value, and extension ability are now set, enabling tracking of its progress toward a de-SPAC transaction.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
What changed: Inflection Point Acquisition Corp. VIII consummated its IPO on August 31, 2026, selling 28,750,000 units at $10.00 per unit for $287,500,000 in gross proceeds, and completed a private placement of 8,000,000 warrants for $8,000,000. A total of $287,500,000 was placed in a trust account maintained by Continental Stock Transfer Trust Company. Why it matters: This filing confirms the final capital raised and the establishment of the trust account, which determines the redemption value per share ($10) and sets the baseline for the SPAC's search period and deadline calculations.
What changed: Inflection Point Acquisition Corp. VIII consummated its IPO on August 31, 2026, selling 28,750,000 units at $10.00 per unit for $287,500,000 in gross proceeds, and simultaneously sold 8,000,000 private placement warrants to the Sponsor and Representative for $8,000,000. The filing appoints Steven Tannenbaum, William J. Liquori, and William Denkin as independent directors with specific committee roles and establishes a trust account holding $287,500,000 of net proceeds. Why it matters: This confirms the capital raise amount and trust value available for redemption or business combination, while identifying the sponsor's significant private warrant holdings and the board composition that will oversee the search for a target.
Show the other 7 filings
What changed: An S-1 registration statement for a blank-check SPAC (Inflection Point Acquisition Corp. VIII) seeking to raise $250M through an IPO of 25 million units at $10 each, with a 24-month deadline to complete a business combination. This is a new filing (first S-1). It contains all initial terms: 24-month deadline from closing; $250M to be deposited in trust; sponsor paid $25k for 9.58M founder shares at ~$0.003/share; sponsor will purchase 5M private placement warrants and underwriter (CCM) will purchase 3M private placement warrants at $1 each, total $8M; IPF (affiliate of sponsor) intends to commit $25M into a PIPE transaction subject to diligence and investment committee approval; SPAC will pay $83,333/month to IPAM for services. Trust value per share is $10.00. Founder shares lock-up is 180 days post-business combination (or earlier if a liquidation/merger occurs). Private placement warrants lock-up is 30 days post-business combination. NASDAQ symbol IPHXU. A going-concern note appears in the auditor’s report on the May 11, 2026 balance sheet. Why it matters: This establishes a new SPAC with a two-year shelf life, a large trust ($250M), a $25M intended PIPE (non-binding), and multiple conflicts of interest. Redemption deadlines, trust value, and extension ability are now set, enabling tracking of its progress toward a de-SPAC transaction.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
At-risk capital: $3M — 3,000,000 private placement warrants, bought at the IPO and worthless if the company liquidates. This is what the sponsor itself loses if no deal closes. per the prospectus (S-1 0001213900-26-086901)
Deal completion: 3/3 resolved vehicles closed a deal (100%); 0 liquidated, 0 terminated. Not gated: measured post-close quality is 63/100, at or above the money-back mark, so the full completion credit is earned.
Mixed record · medium confidence
- Inflection Point Acquisition Corp I · 2021→ Intuitive MachinesLUNRCompleted
- Inflection Point Acquisition Corp II · 2023→ USA Rare EarthUSARCompleted
- Inflection Point Acquisition Corp IV (→ Bleichroeder I) · 2024→ Merlin IncMRLNCompleted
Inflection Point — Michael Blitzer's franchise (also files under Bleichroeder). Prior-vehicle track record (SEC-verified via formerNames): (1) Inflection Point Acquisition Corp I COMPLETED → Intuitive Machines (LUNR, Nasdaq). (2) Inflection Point II COMPLETED → USA Rare Earth (USAR, Nasdaq). (3) Inflection Point IV — renamed Bleichroeder Acquisition Corp I — COMPLETED → Merlin Inc (MRLN, Nasdaq, 2026). Vehicles III/V/VI/VIII currently in-deal or searching. Net: 3 completed deSPACs, all still listed (recent, generally holding). Emerging strong record. Sources: SEC EDGAR submissions API (formerNames) + full-text search, efts.sec.gov. — research profile — Inflection Point is a SPAC sponsor platform led by Michael Blitzer, who serves as Founder and Managing Partner of Inflection Point Asset Management and is also the founder and Co-CEO of Kingstown Capital Management, a multi-billion-dollar asset manager he established in 2006 with a client base that includes some of the world's largest endowments and foundations. Blitzer began his Wall Street career at J.P. Morgan Securities in 1999 and subsequently worked at Gotham Asset Management, the investment fund founded by Joel Greenblatt. Over 18 years at Kingstown, he oversaw investments across public and private equities, SPACs, PIPEs, and derivatives, building deep experience in disruptive growth industries. He is joined by partners Kevin Shannon (co-founder of Inflection Point Management) and Adam Saks (CFO), along with strategic advisors including Lieutenant General (Ret.) William J. Liquori, who focuses on aerospace and defense. Blitzer controls the sponsor entities across the Inflection Point vehicle complex, including IPF, Inflection Point Asset Management, and Inflection Point GP I LLC. Its first, Inflection Point Acquisition Corp. (IPAX), raised approximately $330 million in September 2021 and merged with space exploration company Intuitive Machines (LUNR) in February 2023, a deal valued at roughly $1.15 billion. That transaction has been a standout performer, with LUNR trading at $15.78 per share at last close and generating a return of approximately 92% from the $10 offer price, with a 52-week range spanning $2.65 to $136.00. Inflection Point Acquisition II merged with rare earth miner USA Rare Earth (USAR) in March 2025, delivering approximately 60% from the offer price. Inflection Point Acquisition III (IPCX), which raised $220 million in April 2025, announced a planned merger with atmospheric water generation company Air Water Ventures and was trading modestly above $10 at roughly +2%. Additional vehicles include Inflection Point Acquisition V (IPEX), which is merging with GoWell Energy Technology; Inflection Point Acquisition VI (IPFX), which raised $220 million in March 2026 and is merging with logistics and space company Quantum Space in a reported $1.2 billion transaction backed by a $300 million PIPE; and IPDX, which merged with Merlin (MRLN) in March 2026. The latest vehicle, Inflection Point Acquisition VIII (IPHXU), filed in August 2026 to raise up to $250 million targeting technology-enabled businesses in North America and Europe. Blitzer's track record reflects a consistent strategy of targeting companies at the intersection of national security, critical infrastructure, and disruptive technology, with a particular emphasis on aerospace, defense, rare earths, and space exploration. His insider trading activity shows significant personal investment in his portfolio companies, including purchases of 100,000 shares of USA Rare Earth at $21.44 in January 2026 and 241,080 shares of Intuitive Machines at approximately $9.09 in November 2025, alongside substantial option awards and exercises across…
1 sentence withheld from the text above. It stated a vehicle count (at least eight vehicles) that does not reconcile with the record we counted: 4 vehicles — 1 in the live database and 3 SEC-verified prior vehicles. Neither side has been corrected here, and the stored research is unchanged; a count we cannot reconcile is not a count we will publish.
Full sponsor record →Deal team — named in the prospectus
- Cohen & Company Capital MarketsLead-left
Read from this SPAC’s own prospectus; the arrow opens the filing. Firms link to their full mandate record.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from S-1 0001213900-26-086901
as of 10 September 2026
Trading & liquidity
Company profile
Directors & officers
- Shannon Kevin GeorgeChief Executive Officer
- Denkin William MorrisDirector
- BLITZER MICHAELDirector
- TANNENBAUM STEVENDirector
- Saks AdamChief Financial Officer
- Liquori William John JrDirector
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
37 full SEC filing texts archived — searchable, never lost.
- Vault note — IPHX (Inflection Point Acquisition Corp. VIII)
vault-note · /vault/tickers/IPHX
- Vault note — CIK2146310 (Inflection Point Acquisition Corp. VIII)
vault-note · /vault/tickers/CIK2146310
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail4 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
registered from S-1 — pre-listing, ticker TBD, VERIFY it is a SPAC
warrantStrike=11.5, warrantCallPrice=18, unitSeparationDays=52 from the definitive prospectus (0001213900-26-086901). NOT FILLED: rightShareRatio — no stated candidate
trustPerShare = initial trust per unit as priced (S-1 0001213900-26-086901) — no 10-Q trust reading on file yet
CIK2146310 → IPHX from SEC submissions