InterPrivate Investment Partners V, Inc. completed a public offering that raised $201.25 million in gross proceeds after the underwriters fully exercised their over-allotment option. The deal, which priced 20,125,000 units at $10.00 per unit, included 2,625,000 units issued pursuant to the exercise of that option and occurred on June 5, 2026.
The company's units began trading on the Nasdaq Global Market under the symbol "IPVVU" on June 4, 2026. Each unit consists of one Class A ordinary share and one-third of a redeemable public warrant. Once the components start trading separately, the Class A shares and the warrants will adopt the ticker symbols "IPVV" and "IPVVW," respectively. Each full warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share.
Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering, with EarlyBirdCapital, Inc. listed as co-manager. The Securities and Exchange Commission declared the registration statement for the offering effective on June 3, 2026. Gross proceeds cited above are before the deduction of underwriting discounts and other offering-related expenses.
InterPrivate Investment Partners V is structured as a blank-check company formed to pursue a merger, acquisition, share exchange or similar business combination with one or more businesses. The firm’s executive team comprises Ahmed M. Fattouh as Chairman and Chief Executive Officer, Lex Sokolin as President and Brandon Bentley as General Counsel. The board of directors includes Dimitri Goulandris and Nick Krenteras.
Management has stated its intention to apply experience spanning private equity, technology and digital assets when evaluating potential business combination targets. The company will seek opportunities that can benefit from access to the public markets and the management team's execution capabilities.
Summary
InterPrivate Investment Partners V priced and closed an IPO of units, raising $201.25 million in gross proceeds after the underwriters' over-allotment was fully exercised. The blank-check vehicle is now trading on Nasdaq as a unit and will pursue one or more business combinations, with separate share and warrant trading to commence later under distinct ticker symbols.
Key points
- The offering comprised 20,125,000 units at $10.00 per unit, including 2,625,000 units from the over-allotment option - impacts capital markets and SPAC activity.
- Units trade on Nasdaq under "IPVVU"; Class A shares and warrants will trade separately as "IPVV" and "IPVVW" once separate trading begins - relevant to equity and derivative markets.
- Management highlights experience in private equity, technology and digital assets to source and execute business combinations - pertinent to investors tracking deal flow and sector focus.
Risks and uncertainties
- Gross proceeds are stated before underwriting discounts and other offering expenses are deducted, which will reduce net available capital - relevant to financial and deal-execution planning.
- Success depends on identifying and completing a suitable business combination; the company was formed specifically to pursue such transactions, so outcomes are uncertain - impacts M&A and target sectors.
- Separate trading of the Class A shares and warrants has not yet begun; timing and market reception when split may affect liquidity and investor response - pertinent to equity and warrant market participants.