Company: IPCX
Filing Date: 2025-04-16
Form Type: S-1/A
Source: 0001213900-25-032632
Chunk: 332

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-04-16
Form: S-1/A
Chunk 332
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 under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable. Item 15. Recent Sales of Unregistered Securities. On February 5, 2024, Inflection Point Holdings III LLC, our sponsor, paid $25,000, or approximately $0.004 per share, to cover certain of our offering costs in exchange for 5,750,000 Class B ordinary shares. Subsequently on October 10, 2024, we effected a share capitalization of 1,916,667 Class B ordinary shares, as a result of which our sponsor owned 7,666,667 founder shares for which it paid approximately $0.003 per share. On November 18, 2024, we effected a share capitalization of 766,667 Class B ordinary shares, as a result of which our sponsor owned 8,433,333 founder shares for which it paid approximately $0.003 per share. Such securities were issued in connection with our organization pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 25,300,000 units if the underwriters’ over -allotmentoption is exercised in full and therefore that such founder shares would represent 25% of the outstanding shares after this offering (excluding the private placement shares included in the private placement units and Class A ordinary shares underlying the private placement rights). Up to 1,100,000 of these shares will be surrendered for no consideration depending on the extent to which the underwriters’ over -allotmentis exercised.

II-1

Our sponsor is an accredited investor for purposes of Rule 501 of Regulation D. Each of the equity holders in our sponsor is an accredited investor under Rule 501 of Regulation D. The sole business of our sponsor is to act as the company’s sponsor in connection with this offering. The limited liability company agreement of our sponsor provides that its membership interests may only be transferred to our officers or directors or other persons affiliated with our sponsor, or in connection with estate planning transfers. Our sponsor and Cantor Fitzgerald & Co., the representative of the underwriters, will commit, pursuant to written agreements, to purchase an aggregate of 740,000 private