Item 5. Market for Registrant’s Common Equity
Item 5.
Market for Registrant’s Shareholders’ Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities Market
Information
Our units,
Class A Ordinary Shares and rights are traded on Nasdaq under the symbols “ IPCXU ,” “ IPCX ” and “ IPCXR ,”
respectively.
Holders
As of December
31, 2025, there was one holder of record of our units, one holder of our Founder Shares, one holder of our Public Shares and one holder
of record of our rights. The number of holders of record does not include the significant number of beneficial owners of each of our
securities whose securities are held in nominee or “street name” accounts through brokers, banks or other nominees.
Dividends
We have not
paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of an initial
business combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements
and general financial conditions subsequent to completion of an initial business combination. The payment of any cash dividends subsequent
to an initial business combination will be within the discretion of our board of directors at such time. If we incur any indebtedness,
our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.
Securities
Authorized for Issuance Under Equity Compensation Plans
None.
Recent
Sales of Unregistered Securities; Use of Proceeds from Registered Offerings
None.
Item 6.
[Reserved]
54
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