Singapore and New York, September 25 (Reuters/ GlobeNewswire ) – GOWell Technology Limited (“GOWell” or “the Company”) announced today that it has completed a business merger with Inflection Point Acquisition Corp. V (Nasdaq ticker: IPEX, hereinafter referred to as “Inflection Point”). Inflection Point is a special purpose acquisition company (SPAC). The business merger was approved by the shareholders of Inflection Point at the special general meeting of shareholders held on September 3, 2026, and was officially completed on September 25, 2026.
The merged new company will operate under the name “GOWell Energy Technology” (“GOWell Energy”). The common stocks of GOWell Energy will begin trading on NASDAQ on September 28, 2026, with the stock code “GOW”.
Following the completion of the business merger synchronization, GOWell also carried out the previously announced investment of Closing PIPE. Under this investment, investors purchased approximately 50 million US dollars worth of GOWell Energy preferred stocks and warrants. Together with the approximately 20 million US dollars in private financing completed when the business merger agreement was signed in October 2025, these PIPE investments have brought a total gross income of 70 million US dollars to GOWell Energy. Excluding transaction fees and expenses, this funds have been used to support the company's growth plans and working capital.
GOWell CEO Guillaume Borrel stated: "The completion of this business merger marks the end of our 19-year effort to build GOWell into a developer and provider of cable logging solutions that can offer reliable support to service companies and operators underground. Listing on NASDAQ provides us with access to capital channels and greater visibility, allowing us to expand our sensing platform. In this period of increasing energy volatility, the technology of GOWell is crucial for ensuring the safe and efficient supply of energy sources, enabling us to provide solutions more quickly for both traditional energy and energy transition markets."
Chairman and CEO Michael Blitzer added, "Over the past two decades, GOWell has developed technologically advanced equipment, software, and data analytics to help leading oilfield service companies around the world tackle increasingly complex challenges. This has built a resilient business that generates cash and has maintained a record of growth and profit margin expansion throughout industry cycles. As a publicly listed company, GOWell's experienced management team is poised to accelerate growth and solidify its leading position in a fragmented industry."
Consultant
Haitong International Securities ( USA ) Inc. Serves as the financial and capital markets advisor for GOWell. Cantor Fitzgerald & Co. As well as Cohen & Company Capital Markets ( Cohen & Company Securities, departments under LLC ), serves as the Chief Financial and Capital Markets Advisor for Inflection Point. White & Case LLP serve as legal advisors for Inflection Point. Hunter Taubman Fischer & Li LLC serve as legal advisors for GOWell. Conyers Dill & Pearman serve as legal advisors for Inflection Point in the Cayman Islands. Ogier ( Cayman ) LLP serves as the legal advisor for GOWell in the Cayman Islands. Gateway Group serves as the investor relations and public relations advisor for this transaction.
About GOWell Technology Limited
GOWell Technology Limited is an international company that provides a wide range of innovative well testing technologies and distributed sensing solutions for energy companies around the world. The company has a multidisciplinary R&D team and a robust portfolio of patents, with technologies aimed at addressing complex industry challenges. GOWell's solutions can be applied to various oil wells, from traditional energy to energy transition. The company boasts a global and diversified customer base and maintains long-term cooperative relationships with major oil service companies and operators in the energy industry. GOWell is headquartered in Singapore, with regional centers in the United States and the United Arab Emirates, and conducts regional business in over 50 countries, possessing a global manufacturing and procurement network.
For more information, please visit: www.gowell.energy.
Regarding Inflection Point Acquisition Corp . V
Inflection Point Acquisition Corp. V (Nasdaq ticker: IPEX) is a blank check company registered in the Cayman Islands on May 31, 2024, with the purpose of merging with one or more enterprises or entities, undergoing merger and reorganization, share exchange, asset acquisition, share purchase, reorganization, or similar business combinations.
Forward-looking Statements
This press release contains or may contain “forward-looking statements” regarding the plans, strategies, and prospects (including business and financial aspects) of Inflection Point, GOWell Energy, and GOWell. These statements are based on the beliefs and assumptions of the management of Inflection Point, GOWell Energy, and GOWell. Although all parties believe that the respective plans, intentions, and expectations reflected or implied in these forward-looking statements are reasonable, Inflection Point, GOWell Energy, or GOWell cannot guarantee that these plans, intentions, or expectations will necessarily be realized. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally speaking, statements that are not historical facts, including those regarding possible or assumed future actions, business strategies, events, or operating results, as well as any descriptions involving forecasts, estimates, or predictions of future events or circumstances, are considered forward-looking statements. Such statements may contain words or phrases such as “believes,” “estimates,” “expects,” “predicts,” “anticipates,” “may,” “perhaps,” “will,” “can,” “should,” “would,” “seeks,” “plans,” “arranges,” “possible,” “continue,” “potential,” “expects,” or “intends”; however, the absence of such words does not mean that a statement is not forward-looking. Given these risks, uncertainties, and assumptions, the forward-looking events discussed in this press release may not occur, and actual results may differ significantly from those anticipated in these forward-looking statements.
Important factors that could lead to significant differences between actual results and those discussed in the forward-looking statements include: general economic, political, and business conditions; the outcome of any legal proceedings that may be initiated against any party; the capital structure and enterprise value of GOWell Energy expected after the completion of the business combination; GOWell Energy's ability to issue equity, equity-linked, or other securities in the future; the failure to achieve the expected benefits from the business combination; risks related to the advancement of GOWell and the anticipated timeline for business milestones; GOWell Energy's ability to implement growth strategies, achieve profit growth, and retain key employees; whether GOWell Energy securities can continue to be listed on the NASDAQ stock market after the business combination; as well as other risks and uncertainties listed in the proxy statement/prospectus and GOWell Energy subsequent filings submitted to the U.S. Securities and Exchange Commission. Please do not rely excessively on these forward-looking statements.
These forward-looking statements are only valid as of the date of issuance of this press release. Except as required by law, Inflection Point, GOWell Energy and their respective affiliates shall have no obligation to publicly update or revise any forward-looking statements contained in this press release, whether due to new information, future events or other reasons.
Contact Information
Investor Relations Contacts: Gateway Group, Georg Venturatos, Patrick Hall, 949-574-3860, GOWell @ gateway-grp.com
Media Relations Contacts: Gateway Group, Zach Kadletz, Ryan Deloney, 949-574-3860, GOWell @ gateway-grp.com
