Company: IPCX
Filing Date: 2025-01-16
Form Type: S-1/A
Source: 0001213900-25-003974
Chunk: 305

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-01-16
Form: S-1/A
Chunk 305
---
      — |     |             | (22,683 | ) |     |               | (22,683 | ) |
| Balance – September 30, 2024                 |     |       8,433,333 |     | $ | 844 |     | $          | 24,156 |     | $           | (22,683 | ) |     | $             |   2,317 |   |

____________ (1)This number includes an aggregate of up to 1,100,000 Class B ordinary shares subject to forfeiture if the over -allotmentoption is not exercised in full or in part by the underwriters. (2)On October 10, 2024, in connection with a recapitalization, the Company issued the Sponsor an additional 1,916,667 Class B ordinary shares for no additional consideration, following which the Sponsor holds 7,666,667 Class B ordinary shares. On November 18, 2024, the Company effected a share capitalization of 766,667 Class B ordinary shares, as a result of which the Sponsor owns 8,433,333 founder shares for which it paid approximately $0.003 per share. All share amounts have been retroactively restated to reflect these adjustments. The accompanying notes are an integral part of these financial statements.

F-5

INFLECTION POINT ACQUISITION CORP. III
STATEMENT OF CASH FLOWS
FOR THE PERIOD FROM JANUARY 31, 2024 (INCEPTION) THROUGH SEPTEMBER 30, 2024

| Cash flows from operating activities:                                                       |     |   |         |   |
|:--------------------------------------------------------------------------------------------|:----|:--|--------:|:--|
| Net loss                                                                                    |     | $ | (22,683 | ) |
| Adjustment 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 by advance from related party                                          |     |   |     187 |   |
| Changes in operating assets and liabilities:                                                |     |   |         |   |
| Prepaid expenses                                                                            |     |   |   3,404 |   |
| Accrued expenses                                                                            |     |   |  13,304 |   |
| Net cash used in operating