Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 208

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 208
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urities Act.

Transaction costs amounted to $17,305,941, consisting
of $4,400,000 of cash underwriting fee, $12,045,000 of deferred underwriting fee, and $860,941 of other offering costs.

After deducting the underwriting fees (excluding
the deferred portion of $12,045,000, which amount will be payable upon consummation of our initial Business Combination, if consummated)
and the offering expenses, the total net proceeds from the Initial Public Offering and the private placement was $255,139,059, of which
$253,000,000 was placed in the Trust Account.

For a description of the use of the proceeds
generated in our Initial Public Offering, see Part I, Item 2 of this Form 10-Q.

39

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

None

Item 5. Other Information

None

Item 6. Exhibits

The following exhibits are filed as part of,
or incorporated by reference into, this Quarterly Report on Form 10-Q.

    No.
     
    Description
    of Exhibit
  
    2.1†
     
    Business
    Combination Agreement, dated as of August 25, 2025, by and among Inflection Point Acquisition Corp. III, Air Water Ventures Holdings
    Limited, IPCX Merger Sub Limited, and Air Water Ventures Limited (incorporated by reference to Exhibit 2.1 to the Registrant’s
    Current Report on Form 8-K (File No. 001-42614), filed with the SEC on August 25, 2025).
  
    10.1
     
    Company
    Support Agreement, dated as of August 25, 2025, by and among TAU Capital Holding Limited, Inflection Point Acquisition Corp. III,
    Air Water Ventures Holdings Limited and Air Water Ventures Limited (incorporated by reference to Exhibit 10.1 to the Registrant’s
    Current Report on Form 8-K (File No. 001-42614), filed with the SEC on August 25, 2025).
  
    10.2
     
    Sponsor
    Support Agreement, dated as of August 25, 2025, by and among Inflection Point Acquisition Corp. III, Air Water Ventures Holdings
    Limited and Air Water Ventures Limited (incorporated by reference to Exhibit 10