Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 13

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 of directors may approve or (ii)
such later date approved by the holders of the Company’s ordinary shares pursuant to an amendment to the Company’s Amended
and Restated Memorandum and Articles of Association (such date, the “Completion Window”) to complete a Business Combination.
If the Company is unable to complete a Business Combination within the Completion Window, the Company will as promptly as reasonably possible
but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal
to the aggregate amount then on deposit in the Trust Account, including interest earned and not previously released as Permitted Withdrawals
(less taxes paid or payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding
Public Shares, which redemption will constitute full and complete payment for the Public Shares and completely extinguish public shareholders’
rights as shareholders (including the right to receive further liquidation or other distributions, if any), subject to its obligations
under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.

The Sponsor has agreed to waive its liquidation
rights with respect to the Founder Shares and Private Placement Units if the Company fails to complete a Business Combination within the
Completion Window. However, if the Sponsor acquires Public Shares in or after the Initial Public Offering, such Public Shares will be
entitled to liquidating distributions from the Trust Account if the Company fails to complete a Business Combination within the Completion
Window. The underwriters have agreed to waive their rights to their deferred underwriting commission (see Note 6) held in the Trust Account
in the event the Company does not complete a Business Combination within the Completion Window and, in such event, such amounts will be
included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of
such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the Initial
Public Offering price per share ($10.00).

The Sponsor has agreed that it will be liable
to the Company, if and to the extent any claims by a third party for services rendered or products sold to the Company, or by a prospective
target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or Business
Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of