Company: IPCX
Filing Date: 2025-01-16
Form Type: S-1/A
Source: 0001213900-25-003974
Chunk: 320

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-01-16
Form: S-1/A
Chunk 320
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, officers or directors upon conversion of Working Capital Loans; provided that such conversion of Founder Shares will never occur on a less than one -for -onebasis. Rights— Except in cases where the Company is not the surviving company in a business combination, each holder of a right will automatically receive one -tenth(1/10) of one Class A ordinary share upon consummation of the initial Business Combination. The Company will not issue fractional shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of Cayman law. In the event the Company is not the surviving company upon completion of the initial business combination, each holder of a Right will be required to affirmatively convert his, her or its rights in order to receive the one -tenth(1/10) of one Class A ordinary share underlying each Right upon consummation of the Business Combination. If the Company is unable to complete the initial Business Combination within the required time period and the Company will redeem the public shares for the funds held in the Trust Account, holders of Rights will not receive any of such funds for their Rights and the Rights will expire worthless. F-14 INFLECTION POINT ACQUISITION CORP. III
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2024 Note 8 — Subsequent Events Management has evaluated subsequent events to determine if events or transactions occurred after the balance sheet date up to the date the financial statements were issued. Based upon this review, other than as noted below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements. Subsequent to September 30, 2024, on October 10, 2024, an affiliate of the Sponsor, Inflection Point Fund I, LP, has agreed to loan the Company up to $300,000 to be used for a portion of the expenses of the Proposed Public Offering. The loan is non -interestbearing, unsecured and are due at the earlier of December 31, 2025 or the closing of the Proposed Public Offering. The loan will be repaid upon the closing of the Proposed Public Offering. On October10, 2024, the Company effected a share capitalization of 1,916,667 Class B ordinary shares, as a result of which the Sponsor owned 7,666,667 founder shares. On November18, 2024, the Company effected a share capitalization