Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 57

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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 of the Company’s activities or any express or implied association between the Sponsor and/or IPAM,
on the one hand, and the Company or any of its other affiliates, on the other hand, which agreement provides that the indemnified parties
cannot access the funds held in the Trust Account.

11

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited) 

Related Party Loans

In order to finance transaction costs in connection
with an intended initial Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the officers and directors may,
but are not obligated to, loan the Company funds as may be required. If the Company completes its initial Business Combination, the Company
would repay such loaned amounts. In the event that the initial Business Combination does not close, the Company may use amounts held outside
the Trust Account to repay such loaned amounts and funds received from permitted withdrawals but no proceeds from the Trust Account would
be used to repay such loaned amounts. Up to $1,500,000 of such loans may be convertible into additional Private Placement Units at
a price of $10.00 per Unit at the option of the lender. As of March 31, 2025 and December 31, 2024 no such loans were outstanding.

NOTE 6. COMMITMENTS 

Registration Rights

The holders of the Founder Shares, Private Placement
Units (including any Private Placement Shares, Private Placement Rights and any Class A ordinary shares underlying the Private Placement
Rights) and Private Placement Units (including any Private Placement Shares, Private Placement Rights and any Class A ordinary shares
underlying the private placement rights) that may be issued upon conversion of working capital loans are entitled to registration rights
pursuant to a registration rights agreement signed prior to the effective date of the Initial Public Offering requiring the Company to
register a sale of any of the securities held by them, including any other securities of the Company acquired by them prior to the consummation
of the Company’s initial Business Combination. The holders of these securities will be entitled to make up to three demands, excluding
short form demands, that the Company register such securities. In addition, the holders have certain “piggyback” registration
rights with respect to registration statements filed subsequent to the completion of a Business Combination. The Company will bear the
expenses incurred in connection with the filing of any such registration statements