Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 19

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 components of the
Private Placement Units (the “Private Placement Rights” and together with the Public Rights, the “Rights”) since
the exercise of the Rights are contingent upon the occurrence of future events and the inclusion of such Rights would be anti-dilutive.

The Company’s unaudited consolidated statements
of operations include a presentation of income (loss) per share for ordinary shares in a manner similar to the two-class method of income
(loss) per share. Net income (loss) per ordinary share, basic and diluted, for redeemable ordinary shares is calculated by dividing the
net (loss) income allocable to redeemable ordinary shares subject to possible redemption, by the weighted average number of redeemable
ordinary shares outstanding since original issuance. Net income (loss) per ordinary share, basic and diluted, for non-redeemable ordinary
shares is calculated by dividing net (loss) income allocable to non-redeemable ordinary shares, by the weighted average number of non-redeemable
ordinary shares outstanding for the periods.

    Three Months Ended June 30, 2025  
    Three Months Ended June 30, 2024  
    Six Months Ended June 30, 2025  
    For the Period from January 31, 2024  (inception) through June 30, 2024 

    Net loss 
    $(1,217,383) 
    $       —  
    $(1,297,717) 
    $     (5,975)
  
    Accretion of temporary equity to redemption value 
     (24,147,956) 
     —  
     (24,147,956) 
     — 
  
    Permitted withdrawal from Trust account for working capital purposes 
     250,000  
     —  
     250,000  
     — 
  
    Dividend income from Trust account 
     (1,831,762) 
     —  
     (1,831,762) 
     — 
  
    Net loss including accretion of temporary equity to redemption value 
    $(26,947,101) 
    $—  
    $(27,027,435) 
    $(5,975)

9

INFLECTION POINT ACQUISITION CORP. III

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE 30,