Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 33

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

NOTE 3. PUBLIC OFFERING

Pursuant to the Initial Public Offering on April
28, 2025, the Company sold 25,300,000 Public Units, which includes the full exercise of the underwriters’ over-allotment option
in the amount of 3,300,000 Public Units, at a purchase price of $10.00 per Public Unit. Each Public Unit consists of one Public Share
and one Public Right to receive one-tenth (1/10) of one Class A ordinary share upon the consummation of a Business Combination.

NOTE 4. PRIVATE PLACEMENT

Simultaneously with the closing of the
Initial Public Offering, the Sponsor and Cantor purchased an aggregate of 740,000 Private Placement Units at a price of $10.00
per Private Placement Units, for an aggregate purchase price of $7,400,000. Each Private Placement Unit consists of one Class A
ordinary share (the “Private Placement Shares”), and one Private Placement Right. Of those 740,000 Private Placement
Units, the Sponsor purchased 500,000 Private Placement Units and Cantor purchased 240,000 Private Placement Units. A portion of the
proceeds from the sale of the Private Placement Units were added to the net proceeds from the Initial Public Offering held in
the Trust Account. If the Company does not complete a Business Combination within the Completion Window, the proceeds from the sale
of the Private Placement Units held in the Trust Account will be used to fund the redemption of the Public Shares (subject to
the requirements of applicable law).

The Private Placement Units are identical to
the Units sold in the Initial Public Offering except that, for so long as the Private Placement Units are held by the Sponsor, Cantor,
or their permitted transferees, the Private Placement Units (i) may not (including the Private Placement Shares, Private Placement Rights
and Class A ordinary shares underlying the Private Placement Rights), subject to certain limited exceptions, be transferred, assigned
or sold by the holders until 30 days after the completion of the Company’s initial Business Combination, (ii) each Private Placement
Share included in each Private Placement Unit will not have any redemption rights or be entitled to liquidating distributions from the
Trust Account, (