Inflection Point Acquisition Corp. V

Issuer

Inflection Point Acquisition Corp. V

Security title

Class A ordinary shares, $0.0001 par value per share

Principal address

Comment

Explanatory Note: This Amendment No. 1 ("Amendment No. 1") to Schedule 13D amends and supplements the statement on Schedule 13D originally filed with the United States Securities and Exchange Commission ("SEC") on September 16, 2025 (the "Schedule 13D") by Inflection Point Fund I, LP ("IPF"), Inflection Point GP I LLC ("IPG") and Michael Blitzer (collectively, the "Reporting Persons"). Capitalized terms used but not defined herein shall have the meanings attributed to them in the Schedule 13D.

Source of funds

To the extent required by Item 3, the information contained in Item 4 is incorporated herein by reference.

Purpose of transaction

On September 24, 2026 and September 25, 2026, the Issuer consummated its previously-announced business combination (the "Business Combination") with GOWell Technology Limited ("GOWell"), GOWell Energy Technology ("PubCo"), and IPCV Merger Sub Limited ("Merger Sub"). In connection with the Business Combination, among other things, (a) on September 24, 2026, the Issuer merged with and into PubCo, as a result of which the separate corporate existence of the Issuer ceased and PubCo continued as the surviving company (the "First Merger"), and (b) on September 25, 2026, Merger Sub merged with and into GOWell, as a result of which the separate corporate existence of Merger Sub ceased and GOWell continued as the surviving company and a wholly-owned direct subsidiary of PubCo (the "Second Merger"). Prior to the Business Combination, the aggregate number of Class A Shares beneficially owned by the Reporting Persons was 990,000 shares, which included 990,000 Class A Shares issuable upon the conversion of 990,000 Class B Shares held by the reporting person which may be converted at any time and from time to time at the option of the Reporting Persons. In connection with the Business Combination, prior to the First Merger, such 990,000 Class B Shares were converted on a one-for-one basis into 990,000 Class A Shares. Further, pursuant to the First Merger, each resulting Class A Share of the Issuer was converted into one ordinary share of PubCo. As a result, following the First Merger, the Reporting Persons beneficially owned 0 Class A Shares of the Issuer.

Number of shares

The information set forth in rows (7) through (13) of the cover pages of this Schedule 13D is incorporated by reference into this Item 5(a). The Reporting Persons have sole voting and dispositive power over the Class A Shares reported in this Schedule 13D.

Transactions

Except for the transactions described in Item 4 of this Schedule 13D, the Reporting Persons have not engaged in any transaction during the past 60 days involving the ordinary shares of the Issuer.

Other persons with an interest

To the best knowledge of the Reporting Persons, no one other than the Reporting Persons, or the affiliates of the Reporting Persons, is known to have the right to receive, or the power to direct the receipt of, dividends from, or proceeds from the sale of, the Class A Shares reported herein as beneficially owned by the Reporting Persons.

Date ownership ceased to exceed 5%

Not applicable.

Percentage of class

The information set forth in rows (7) through (13) of the cover pages of this Schedule 13D is incorporated by reference into this Item 5(b). IPGP is the general partner of IPF and Mr. Blitzer controls IPG. Voting and dispositive power over securities beneficially owned by IPF are vested in an investment committee of three members, including Michael Blitzer, former Chairman and Chief Executive Officer of the Issuer, Kevin Shannon, former Chief Operating Officer of the Issuer, and a third individual who does not have, and has not had during the past three years, any relationship with the Issuer or any of its predecessors or affiliates. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by two or more individuals, and a voting and dispositive decision requires the approval of a majority of those individuals, none of the individuals is deemed a beneficial owner of the entity's securities. Each IPG and Michael Blitzer disclaim any beneficial ownership of the securities held by IPF other than to the extent of any pecuniary interest they may have therein, directly or indirectly.