Company: IPCX
Filing Date: 2025-08-25
Form Type: 425
Source: 0001213900-25-080147
Chunk: 5

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-25
Form: 425
Chunk 5
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, if:

| ● | (a) with respect to any full fiscal quarter of PubCo ending on or prior                                                                        
 to June 30, 2026, the Revenue for such fiscal quarter exceeds $25,000,000, or (b) PubCo or any of its consolidated subsidiaries enters         
 into a binding and definitive agreement on or prior to June 30, 2026 with the US Federal Emergency Management Agency (FEMA), the US Department 
 of Defense or other US federal agency or Regenerate1 LLC that provides for minimum annual and recurring Revenue of at least $100,000,000;      |

| ● | with respect to any full fiscal quarter of PubCo ending on or prior to December 31, 2026, the Revenue 
 for such fiscal quarter exceeds $50,000,000;                                                          |

| ● | with respect to any full fiscal quarter of PubCo ending on or prior to December 31, 2026, the EBITDA for 
 such fiscal quarter exceeds $12,500,000; and                                                             |

| ● | within the time period beginning on the date that is the 6-month anniversary of the Closing Date and ending                            
 on the date that is the 18-month anniversary of the Closing Date, the Ordinary Share Price is greater than or equal to $20.00, subject 
 to Equitable Adjustment.                                                                                                               |

Representations and Warranties

Under the Business Combination
Agreement, Inflection Point has made customary representations and warranties to the Company and PubCo relating to, among other things,
organization and standing, due authorization and binding agreement, governmental approvals, non-contravention, capitalization, Securities
and Exchange Commission (the “SEC”) filings, financial statements, internal controls, absence of certain changes, compliance
with laws, litigation, actions, orders and permits, taxes and returns, employees and employee benefit plans, properties, material contracts,
transactions with related persons, the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”),
and the Jumpstart Our Business Startups Act of 2012, finders’ and brokers’ fees, sanctions and certain business practices,
private placements, insurance, no misleading information supplied, the Trust Account and receipt of a fairness opinion.

Under the Business Combination
Agreement, Merger Sub has made customary representations and warranties to PubCo and the Company relating to, among other things, organization
and standing, due authorization and binding agreement, governmental approvals, non-