Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 12

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 connection with a shareholder vote to approve a Business
Combination (subject to applicable law). Cantor has agreed to vote its Private Placement Shares in favor of approving a Business Combination
and to waive its redemption rights with respect to such shares in connection with a shareholder vote to approve a Business Combination
(subject to applicable law). Additionally, each public shareholder may elect to redeem its Public Shares, without voting, and if they
do vote, irrespective of whether they vote for or against a proposed Business Combination.

Notwithstanding the foregoing, if the
Company seeks shareholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules,
the Company’s Amended and Restated Memorandum and Articles of Association provides that a public shareholder, together with
any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group”
(as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be
restricted from redeeming its shares with respect to more than an aggregate of 15% of the then-outstanding Public Shares without the
Company’s prior written consent.

The Sponsor has agreed (a) to waive its redemption
rights with respect to any Founder Shares, Private Placement Shares (as defined in Note 4) and Public Shares held by it in connection
with the completion of a Business Combination and (b) not to propose an amendment to the Amended and Restated Memorandum and Articles
of Association (i) to modify the substance or timing of the Company’s obligation to redeem 100% of the Public Shares if the Company
does not complete a Business Combination within the Completion Window (as defined below) or (ii) with respect to any other material provision
relating to shareholders’ rights or pre-initial business combination activity, unless the Company provides the public shareholders
with the opportunity to redeem their Public Shares in conjunction with any such amendment and (iii) to waive its rights to liquidating
distributions from the Trust Account with respect to the Founder Shares and Private Placement Units if the Company fails to complete a
Business Combination.

7

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

The Company will have until the date that is (i)
24 months from the closing of the Initial Public Offering or such earlier liquidation date as the board