Business Context and Reporting Period
This Form 8-K was filed by Inflection Point Acquisition Corp. V (formerly Maywood Acquisition Corp.), a Cayman Islands exempted company and emerging growth company, on April 3, 2026, reporting events occurring on April 2, 2026. The company is a Special Purpose Acquisition Company (SPAC) currently in the process of a proposed business combination with GOWell Technology Limited.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, or cash flow data. The specific financial event reported is an increase in debt obligations:
- Promissory Note Principal: Increased to $800,000.
- Recent Advance: A $100,000 advance was made by the Sponsor (Inflection Point Fund I LP) for working capital.
- Liquidity: The filing indicates the use of sponsor advances for working capital but does not disclose total cash balances or liquidity ratios.
Material Changes
The primary material change is the execution of Amendment No. 2 to the Promissory Note dated February 12, 2025. This amendment increased the aggregate principal amount of the note to $800,000 to reflect the $100,000 working capital advance from the Sponsor. Additionally, the company has filed a registration statement regarding its proposed business combination with GOWell Technology Limited, dated October 13, 2025.
Outlook, Risks, and Management Commentary
Management is proceeding with the Proposed Business Combination with GOWell Technology Limited. A preliminary proxy statement and prospectus have been filed with the SEC. The filing explicitly states that this 8-K is for informational purposes only and does not constitute an offer to sell securities or a solicitation of votes. Investors are directed to review the definitive proxy statement/prospectus for detailed information regarding the combination, risks, and participant interests. No specific forward-looking financial guidance or quantitative risk factors are provided in this specific filing.
Investor Verification Checklist
- Verify the terms of the Promissory Note Amendment (Exhibit 10.1) regarding interest rates, maturity, and conversion rights.
- Review the definitive proxy statement/prospectus for the proposed business combination with GOWell Technology Limited once available.
- Confirm the status of the registration statement and the record date for shareholder voting on the merger.
- Assess the total outstanding indebtedness of the SPAC beyond the $800,000 promissory note.