Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 108

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 share right  
    $0.2913 

  (1) Market adjustment reflects additional factors not fully captured by low volatility selection, which may include likelihood of business combination occurring, market perception of lack of available or suitable targets, or possible post-acquisition decline of stock price prior to beginning of the exercise period. The adjustment is determined by comparing traded warrant prices to simulated model outputs. 

At December 31, 2024 there were no assets
held in the Trust Account. At September 30, 2025, assets held in the Trust Account were comprised of $256,650,172 in money market
funds which are invested primarily in U.S. Treasury Securities. As of September 30, 2025, accrued income of $863,786 on the
assets held in Trust account is included in other receivable – dividend income on the Company’s condensed consolidated
balance sheets. From inception through September 30, 2025, the Company did not withdraw any interest earned on the Trust Account to
pay for its franchise and income tax obligations.

The following table presents information about
the Company’s assets that are measured at fair value on a recurring basis at September 30, 2025 and indicates the fair value hierarchy
of the valuation inputs the Company utilized to determine such fair value:

    Description 
    Level 
    September 30, 2025 
  
    Assets: 

    Investments held in Trust Account – U.S. Treasury Securities Money Market Fund 
    1 
    $256,650,172 

27

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

NOTE 9. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services,
geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities
from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly
evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate resources
and assess performance.

The Company’s CODM has been identified
as the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions
about allocating resources and