Inflection Point Acquisition Corp. V Announces Approval of Business Combination with GOWell

What Happened

• Inflection Point Acquisition Corp. V (the SPAC) announced that at an Extraordinary General Meeting on September 3, 2026 shareholders approved the Business Combination Agreement to combine the SPAC with GOWell Energy Technology / GOWell Technology (the “Business Combination”). The merger structure calls for the SPAC to merge into PubCo (GOWell Energy Technology) (the First Merger) and for Merger Sub to merge into GOWell, making GOWell a wholly‑owned subsidiary of PubCo.
• The Business Combination Agreement was originally entered October 13, 2025 and amended December 22, 2025 and July 13, 2026. A registration statement related to the transaction was declared effective by the SEC on August 11, 2026 and the proxy/prospectus was mailed to shareholders around August 12, 2026.

Key Details

• Record and quorum: 11,909,375 ordinary shares outstanding at record date (June 30, 2026): 10,919,375 Class A and 990,000 Class B; 10,049,931 shares were represented at the meeting.
• Vote results (selected): Business Combination Proposal — For 9,073,774; Against 976,157. Merger (First Plan of Merger) — For 9,073,774; Against 976,157.
• Corporate governance and charter items for the post‑merger PubCo (all advisory/non‑binding where noted) were approved, including authorized share capital of 500,000,000 shares (450,000,000 ordinary; 50,000,000 Series A preferred) and provisions giving the GOWell shareholder the right to appoint 50% of directors while it (and related parties) hold ≥40% of PubCo shares.
• The GOWell Energy Technology 2026 Equity Incentive Plan was approved by shareholders (For 8,873,774; Against 1,176,157).

Why It Matters

• Shareholder approval clears a key corporate step toward completing the merger that will convert the SPAC into the combined public company (PubCo) and make GOWell a subsidiary. That changes ownership, governance and the capital structure described in the proxy/prospectus.
• Investors should note the approved governance provisions (director appointment rights and preferred‑holder consents) and the authorized share structure that will govern the post‑merger company, as these affect control and future issuance of equity. The registration statement and proxy/prospectus (filed with the SEC and declared effective Aug 11, 2026) contain further details and were referenced for additional risks and post‑merger capitalization. Copies are available on the SEC’s website (www.sec.gov) or from Inflection Point Acquisition Corp. V.