InterPrivate Investment Partners V closes $201.25 million IPO
InterPrivate Investment Partners V, Inc., a blank check company, closed its initial public offering of 20,125,000 units at $10.00 per unit on June 5, 2026, for gross proceeds of $201.25 million, including the full exercise of the underwriters' over-allotment option. The company placed $201.25 million in a trust account, which will not be released until a business combination is completed or public shares are redeemed, including if no business combination is completed within 24 months of the offering closing.
Key points
- 20,125,000 units sold at $10.00 each, including 2,625,000 units from the full over-allotment option, for gross proceeds of $201.25 million, closed June 5, 2026.
- $201.25 million ($10.00 per unit) placed in a trust account with Continental Stock Transfer & Trust Company as trustee.
- Trust funds are released only upon a business combination or redemption of public shares if no business combination is completed within 24 months of the closing.
- Private placement of 540,000 units to the sponsor (365,000 units) and underwriters (175,000 units) for $5.4 million; directors Nicholaos C. Krenteras and Dimitri Goulandris were appointed June 3, 2026.
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.