InterPrivate Investment Partners V closes IPO of 20.125M units at $10, raising $201.25M

InterPrivate Investment Partners V, Inc.

Gross proceeds of $201.25M from IPO of 20.125M units (including full over-allotment) priced at $10/unit.
Simultaneous private placement of 540,000 units to sponsor and underwriters raised $5.4M.
Trust account funded with $201.25M; deferred underwriting fee of $8.575M recorded.
Audited balance sheet as of June 5, 2026 shows $1.26M cash outside trust and shareholders' deficit of $7.38M.
Company must complete initial business combination within 24 months (by June 5, 2028).

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