Company: IPCX
Filing Date: 2025-08-25
Form Type: 425
Source: 0001213900-25-080147
Chunk: 22

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-25
Form: 425
Chunk 22
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                                                                                                                                                                           |
| 10.4    |     | Form of Company Lock-Up Agreement.                                                                                                                                                                           |
| 10.5    |     | Form of New Registration Rights Agreement.                                                                                                                                                                   |
| 10.6    |     | Form of Pre-Funded PIPE Subscription Agreement.                                                                                                                                                              |
| 10.7    |     | Form of Closing PIPE Subscription Agreement.                                                                                                                                                                 |
| 99.1    |     | Press Release, dated August 25, 2025, issued by the parties announcing                                                                                                                                       
 the Transactions.                                                                                                                                                                                            |
| 99.2    |     | Investor Presentation.                                                                                                                                                                                       |
| 99.3    |     | Certain Projected Financial Information of the Company, dated August 2025.                                                                                                                                   |
| 104     |     | Cover Page Interactive Data File (embedded within the Inline XBRL document)                                                                                                                                  |

| † | Certain of the exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Registrant agrees to furnish supplementally a copy of all omitted exhibits and schedules to the Securities and Exchange Commission upon its request. |

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SIGNATURE</div>

Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Report to be signed on its behalf by the undersigned
hereunto duly authorized.

Dated: August 25, 2025

| INFLECTION POINT ACQUISITION CORP. III |                         |
| By:                                    | /s/ Michael Blitzer     |
| Name:                                  | Michael Blitzer         |
| Title:                                 | Chief Executive Officer |

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