Inflection Point Acquisition Corp. II’s (NASDAQ:IPXXU) Lock-Up Period Will Expire on November 21st

Inflection Point Acquisition Corp. II’s (NASDAQ:IPXXU) lock-up period is set to end on Tuesday, November 21st. Inflection Point Acquisition Corp. II had issued 22,000,000 shares in its IPO on May 25th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Inflection Point Acquisition Corp. II Stock Performance

IPXXU stock opened at $10.31 on Tuesday. Inflection Point Acquisition Corp. II has a one year low of $10.05 and a one year high of $11.14. The business’s 50 day simple moving average is $10.34.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC bought a new stake in Inflection Point Acquisition Corp. II in the second quarter valued at $15,185,000. P Schoenfeld Asset Management LP bought a new stake in Inflection Point Acquisition Corp. II in the second quarter valued at $15,180,000. Polar Asset Management Partners Inc. bought a new stake in Inflection Point Acquisition Corp. II in the second quarter valued at $15,180,000. Aristeia Capital LLC bought a new stake in shares of Inflection Point Acquisition Corp. II during the 2nd quarter valued at $10,120,000. Finally, Cowen AND Company LLC bought a new stake in shares of Inflection Point Acquisition Corp. II during the 2nd quarter valued at $7,917,000.

About Inflection Point Acquisition Corp. II

Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.