Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 52

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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restrictions with respect to the Air Water Subject Securities and (d) waive its dissenter rights under Section 238 of the Cayman Act
and any other similar statute.

Sponsor Support Agreement

In connection with the execution of the Air
Water Business Combination Agreement, the Sponsor has entered into the Sponsor Support Agreement with Inflection Point, PubCo and
Air Water, pursuant to which the Sponsor has agreed to, among other things, (a) vote the Sponsor Subject Securities in favor of the
matters to be approved by the shareholders of Inflection Point in connection with the Air Water Business Combination at any meeting of Inflection Point shareholders to be called for approval of the Business Combination, (b) waive its
anti-dilution rights in the Amended and Restated Memorandum and Articles, (c) waive its dissenter rights under Section 238 of the
Cayman Act and any other similar statute, (d) be bound by certain other covenants and agreements related to the Air Water Business
Combination and (e) be bound by certain transfer restrictions with respect to the Sponsor Subject Securities, in each case, on the
terms and subject to the conditions set forth in the Sponsor Support Agreement. The Sponsor Support Agreement also provides that
Sponsor has agreed irrevocably to waive its redemption rights in connection with the consummation of the Air Water Business
Combination with respect to any Sponsor Subject Securities they may hold.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities from January 31, 2024 (inception) through September 30, 2025 were organizational
activities, those necessary to prepare for the Initial Public Offering, described below, and identifying a target company for a Business
Combination. We do not expect to generate any operating revenues until after the completion of our Business Combination. We generate
non-operating income in the form of interest income on marketable securities held in the Trust Account. We incur expenses as a result
of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For the three months ended September 30, 2025,
we had a net loss of $90,821, which consists of operating costs of $2,773,017, offset by interest income on marketable securities held
in the Trust Account of $2,682,196.

For the nine months ended September 30, 2025