Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 22

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 Private Placement Units are identical to
the Units sold in the Initial Public Offering except that, for so long as the Private Placement Units are held by the Sponsor, Cantor.
or their permitted transferees, the Private Placement Units (i) may not (including the Private Placement Shares, Private Placement Rights
and Class A ordinary shares underlying the Private Placement Rights), subject to certain limited exceptions, be transferred, assigned
or sold by the holders until 30 days after the completion of the Company’s initial Business Combination, (ii) each Private Placement
Share included in each Private Placement Unit will not have any redemption rights or be entitled to liquidating distributions from the
Trust Account, (iii) the Private Placement Units (including the Private Placement Shares, Private Placement Rights and Class A ordinary
shares underlying the Private Placement Rights) will be entitled to registration rights, (iv) each holder of Private Placement Shares
will agree to vote any Private Placement Shares in favor of a proposed initial Business Combination if the Company seeks shareholder
approval for such Business Combination and in favor of any proposals recommended by the Company’s board of directors in connection
with such Business Combination, and (v) with respect to Private Placement Rights held by Cantor. and/or its designees, will not be convertible
more than five years from the commencement of sales in the Initial Public Offering in accordance with FINRA Rule 5110(g)(8). The Private
Placement Units may be worthless if the Company does not complete an initial Business Combination.

10

INFLECTION POINT ACQUISITION CORP. III

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

NOTE 5. RELATED PARTY TRANSACTIONS

Founder Shares

On February 5, 2024, the Sponsor made a
capital contribution of $25,000, or approximately $0.004 per share, to cover certain of our offering and formation costs in exchange
for 5,750,000 Class B ordinary shares (the “Founder Shares”). Subsequently on October 10, 2024, the Company effected
a share capitalization of 1,916,667 Class B ordinary shares, as a result of which the Sponsor owned 7,666,667 Founder 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