Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 4

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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003 per share. All share amounts have been retroactively restated to reflect these adjustments. 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

3

INFLECTION POINT ACQUISITION CORP. III

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

    For the Three Months Ended
 March 31,  
    For the Period from
 January 31,
 2024 (Inception) Through
 March 31, 

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net loss 
    $(80,334) 
    $(5,975)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
     —  
     5,788 
  
    Formation costs paid via advance from related party 
     —  
     187 
  
    Operating costs paid via promissory note – related party 
     5,000  
     — 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses and other current assets 
     2,738  
     — 
  
    Accrued expenses 
     72,596  
     — 
  
    Net cash used in operating activities 
     —  
     — 

    Net Change in Cash 
     —  
     — 
  
    Cash – Beginning of period 
     —  
     — 
  
    Cash – End of period 
    $ —  
    $ — 

    Non-Cash investing and financing activities: 

    Deferred offering costs included in accrued offering costs 
    $182,081  
    $ — 
  
    Deferred offering costs included in deferred legal fees 
    $18,220  
    $ — 
  
    Deferred offering costs paid through promissory note - related party 
    $5,866  
    $ — 
  
    Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $ —  
    $9,000 
  
    Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $—  
    $10,212 

The accompanying notes are an integral part of
the unaudited condensed financial statements. 

4

INF