Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 59

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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otment option. The underwriters were entitled to a cash underwriting discount of $0.20 per
unit, or $4,400,000 in the aggregate (including those sold pursuant to the underwriters’ option to purchase additional units), which
was paid upon closing of the Initial Public Offering.

In addition, the underwriters are entitled to
a deferred fee of $0.45 per unit on units other than those sold pursuant to the underwriters’ option to purchase additional units
and $0.65 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.

Deferred Legal Fees

The Company had a total of $32,676 and $14,456 of deferred legal fees
to be paid to the Company’s Cayman legal advisors upon the consummation of the Business Combination, which is classified as non-current
liability in the accompanying balance sheets as of March 31, 2025 and December 31, 2024, respectively.

NOTE 7. STOCKHOLDER’S DEFICIT

Preference Shares — The
Company is authorized to issue 5,000,000 preference shares with a par value of $0.0001. The Company’s board of directors is authorized
to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or other special rights and
any qualifications, limitations and restrictions thereof, applicable to the shares of each series. The board of directors will be able
to, without shareholder approval, issue preference shares with voting and other rights that could adversely affect the voting power and
other rights of the holders of the ordinary shares and could have anti-takeover effects. At March 31, 2025 and December 31, 2024, there
were no preference shares issued or outstanding.

Class A Ordinary Shares — The
Company is authorized to issue 500,000,000 Class A ordinary shares, with a par value of $0.0001 per share. Holders of Class A
ordinary shares are entitled to one vote for each share. At March 31, 2025 and December 31,