08/13/2026 | Press release | Distributed by Public on 08/13/2026 14:33
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On August 12, 2026, the shareholders of Inflection Point Acquisition Corp. V (f/k/a Maywood Acquisition Corp., the "Company") approved an amendment to the Company's third amended and restated memorandum and articles of association (the "Articles") to extend the date by which the Company has to consummate an initial business combination, which is described in more detail in Item 5.07 below.
A copy of the Articles amendment will be filed with the Cayman Islands Registrar of Companies. Under Cayman Islands law, the Articles took effect upon approval by the Company's shareholders.
The foregoing description of the Articles amendment is qualified in its entirety by the full text of the Articles amendment, which is filed as Exhibit 3.1 hereto and incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The disclosure set forth in Item 5.03 is incorporated into this Item 5.07 by reference.
On August 12, 2026, the Company held an extraordinary general meeting (the "Extraordinary General Meeting"). As of June 30, 2026, the record date for the Extraordinary General Meeting, there were 11,909,375 ordinary shares of the Company issued and outstanding and entitled to vote at the Extraordinary General Meeting, of which 10,919,375 were Class A ordinary shares of the Company, par value $0.0001 per share ("Class A Shares") and 990,000 were Class B ordinary shares of the Company, par value $0.0001 per share ("Class B Shares"). Holders of 9,169,790 of the Company's ordinary shares were represented at the Extraordinary General Meeting, of which 8,179,790 were Class A Shares and 990,000 were Class B Shares. Therefore, a quorum was present.
At the Extraordinary General Meeting, the Company's shareholders approved a proposal to amend the Company's Articles, in the form set forth in Annex A to the definitive proxy statement the Company filed with the Securities Exchange Commission on July 20, 2026 (the "Proxy Statement"), to extend the date by which the Company must consummate an initial business combination (the "Extension Amendment Proposal") from August 14, 2026 to August 31, 2026, and permit the board of directors of the Company, in accordance with Article 49.7 of the Articles, to further extend such date up to four times in one month increments, to up to December 31, 2026. The proposal was described in additional detail in the Proxy Statement.
The Extension Amendment Proposal was approved. The final voting tabulation for this proposal was as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 7,674,326 | 1,495,464 | 0 | 0 |
As there were sufficient votes at the time of the Extraordinary General Meeting to approve the adoption of the foregoing proposal, the "Adjournment Proposal" as described in the Proxy Statement was not required and the Company did not call a vote on that proposal.