Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 32

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 32
---
 purposes 
     —  
     —  
     (250,000) 
     — 
  
    Dividend income from Trust account 
     2,682,196  
     —  
     4,513,958  
     — 
  
    Net income (loss) 
    $647,077  
    $— 
    $9,950,422  
    $—
  
    Denominator: 

    Weighted average number of Redeemable shares 
     25,300,000  
     —  
     14,417,279  
     — 
  
    Basic and diluted net income  per Redeemable share 
    $0.03  
    $—  
    $0.69  
    $— 

    Non-redeemable shares 

    Numerator: 

    Allocation of net loss 
    $(737,898) 
    $(16,708) 
    $(11,338,960) 
    $(22,683)
  
    Denominator: 

    Weighted average number of Non-redeemable shares 
     9,173,333  
     8,433,333  
     8,855,024  
     8,433,333 
  
    Basic and diluted net loss per Non-redeemable share 
    $(0.08) 
    $(0.00) 
    $(1.28) 
    $(0.00)

Recent Accounting Standards

In November 2024, the FASB issued Accounting Standards
Update (“ASU”) 2024-03, “Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic
220-40): Disaggregation of Income Statement Expenses”, requiring public entities to disclose additional information about specific
expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years
beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. The Company
is currently evaluating the impact of adopting ASU 2024-03. 

Management does not believe that any other recently
issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s condensed
consolidated financial statement.

20