Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 37

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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.65 per
unit on units sold pursuant to the underwriters’ option to purchase additional units, or $12,045,000 in the aggregate due to the
full exercise of the underwriters’ over-allotment option. The deferred fee will become payable to the underwriters from the amounts
held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting
agreement.

17

Critical Accounting Policies

The preparation of condensed financial statements
and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management
to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities
at the date of the financial statements, and income and expenses during the periods reported. Making estimates requires management to
exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of
circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change
in the near term due to one or more future confirming events. Accordingly, the actual results could materially differ from those estimates.
We have identified the following critical accounting policies:

Net Income (Loss) per Share

The Company’s unaudited consolidated statements
of operations include a presentation of income (loss) per share for ordinary shares outstanding 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 income (loss) 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 income (loss) allocable to non-redeemable ordinary shares, by the weighted average number
of non-redeemable ordinary shares outstanding for the periods.

Share-based compensation

The Company records share-based compensation in accordance with FASB ASC Topic 718, “Compensation-Share
Compensation” (“ASC 718”), guidance to account for its share-based compensation. It defines a fair value-based method
of accounting for an employee share option or similar equity instrument. The Company recognizes all forms of share-based payments at their
fair value on the grant date, which are based on the estimated number of awards