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

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 of fees for these services.

Related Party Loans

In order to finance transaction costs in connection
with an intended initial Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the officers and directors may,
but are not obligated to, loan the Company funds as may be required. If the Company completes its initial Business Combination, the Company
would repay such loaned amounts. In the event that the initial Business Combination does not close, the Company may use amounts held
outside the Trust Account to repay such loaned amounts and funds received from permitted withdrawals but no proceeds from the Trust Account
would be used to repay such loaned amounts. Up to $1,500,000 of such loans may be convertible into additional Private Placement Units at
a price of $10.00 per Unit at the option of the lender. As of June 30, 2025 and December 31, 2024, no such loans were outstanding.

11

INFLECTION POINT ACQUISITION CORP. III

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

NOTE 6. COMMITMENTS 

Registration Rights

The holders of the Founder Shares, Private Placement
Units (including any Private Placement Shares, Private Placement Rights and any Class A ordinary shares underlying the Private Placement
Rights) and any additional Private Placement Units that may be issued upon conversion of the Working Capital Loans (including any
Private Placement Shares, Private Placement Rights and any Class A ordinary shares underlying the Private Placement Rights) are entitled
to registration rights pursuant to a registration rights agreement signed prior to the effective date of the Initial Public Offering
requiring the Company to register a sale of any of the securities held by them, including any other securities of the Company acquired
by them prior to the consummation of the Company’s initial Business Combination. The holders of these securities will be entitled
to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain
“piggyback” registration rights with respect to registration statements filed subsequent to the completion of a Business
Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

Risks and Uncertainties

The United States and global markets are
experiencing volatility and disruption following the geopolitical instability resulting from the ongoing Russia-Ukraine conflict and
the recent escalation of the Israel-Hamas conflict. In response to