Company: IPCX
Filing Date: 2025-04-29
Form Type: 8-K
Source: 0001213900-25-036378
Chunk: 6

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-04-29
Form: 8-K
Item: Item 8.01
Chunk 6
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Item 8.01. Other Events.

A total of $253,000,000 of the
net proceeds from the IPO (which amount includes $12,045,000 of the underwriters’ deferred discount) and the sale of the Private
Placement Units, was placed in a U. S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee.
Except with respect to interest earned on the funds held in the trust account that may be released to the Company to pay its taxes (which
shall exclude any 1% U. S. federal excise tax on stock repurchases under the Inflation Reduction Act of 2022 that is imposed
on us, if any), up to $250,000 of interest per year (plus the rollover of unused amounts from prior years) to fund working capital requirements,
and up to $100,000 of interest to pay dissolution expenses, the funds held in the trust account will not be released from the trust account
until the earliest of (i) the completion of the Company’s initial business combination or an earlier redemption in connection with
the commencement of the procedures to consummate the initial business combination if the Company determines it is desirable to facilitate
the completion of the initial business combination, (ii) the redemption of the Public if the Company is unable to complete its initial
business combination by the end of (A) the period ending on the date that is 24 months from the closing of the IPO or such earlier liquidation
date at the Company’s board of directors may approve, in which the Company much complete its initial business combination or (B)
such other time period in which the Company must complete an initial business combination pursuant to an amendment to the Amended Charter
(such period, the “ Completion Window”), subject to applicable law or (iii) the redemption of any of the public shares
properly submitted in connection with a shareholder vote to amend the Company’s Amended Charter (A) to modify the substance or timing
of the Company’s obligation to allow redemption in connection with its initial business combination or to redeem 100% of its Public
Shares if it has not consummated an initial business combination within the Completion Window then in effect or (B) with respect to any
other material provisions relating to shareholders’ rights or pre-initial business combination activity.

On April 24, 2025, the Company
issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to