Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 77

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 decide to hold a shareholder vote for business or other reasons, the Company will, pursuant
to its Amended and Restated Memorandum and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the
Securities and Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information
as would be included in a proxy statement with the SEC prior to completing a Business Combination. If the Company seeks shareholder approval
in connection with a Business Combination, the Sponsor has agreed to vote its Founder Shares (as defined in Note 5), the Private Placement
Shares (as defined in Note 4) and any Public Shares purchased in or after the Initial Public Offering in favor of approving a Business
Combination and to waive its redemption rights with respect to any such shares in connection with a shareholder vote to approve a Business
Combination (subject to applicable law). Cantor has agreed to vote its Private Placement Shares in favor of approving a Business Combination
and to waive its redemption rights with respect to such shares in connection with a shareholder vote to approve a Business Combination
(subject to applicable law). Additionally, each public shareholder may elect to redeem its Public Shares, without voting, and if they
do vote, irrespective of whether they vote for or against a proposed Business Combination.

Notwithstanding the foregoing, if the
Company seeks shareholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules,
the Company’s Amended and Restated Memorandum and Articles of Association provides that a public shareholder, together with
any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group”
(as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be
restricted from redeeming its shares with respect to more than an aggregate of 15% of the then-outstanding Public Shares without the
Company’s prior written consent.

The Sponsor has agreed (a) to waive its redemption
rights with respect to any Founder Shares, Private Placement Shares (as defined in Note 4) and Public Shares held by it in connection
with the completion of a Business Combination and (b) not to propose an amendment to the Amended and Restated Memorandum and Articles
of Association (i) to modify the substance or timing of the Company’s obligation to redeem 100% of the Public Shares if the Company
does not complete a Business Combination within the Completion Window (as defined below) or