Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 64

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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 or relating to the Initial Public Offering or the Company’s
operations or conduct of the Company’s business or any claim against the Sponsor and/or IPAM alleging any expressed or implied management
or endorsement by the Sponsor and/or IPAM of any of the Company’s activities or any express or implied association between the Sponsor
and/or IPAM, on the one hand, and the Company or any of its other affiliates, on the other hand, which agreement provides that the indemnified
parties cannot access the funds held in the Trust Account.

In April 2025, the Sponsor sold membership interests
equivalent to an aggregate of 340,000 Class B ordinary shares to four independent director nominees for approximately $0.003 per share.
Also, in April 2025, the Sponsor sold membership interests equivalent to an aggregate of 791,382 Class B ordinary shares to two officers
for approximately $0.003 per share.

15

Item 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations

References in this Quarterly Report on Form 10-Q
(this “Quarterly Report”) to “we,” “us” or the “Company” refer to Inflection Point Acquisition
Corp. III References to our “management” or our “management team” refer to our officers and directors, and references
to the “Sponsor” refer to Inflection Point Holdings III LLC. The following discussion and analysis of the Company’s
financial condition and results of operations should be read in conjunction with the financial statements and the notes thereto contained
elsewhere in this Quarterly Report. Certain information contained in the discussion and analysis set forth below includes forward-looking
statements that involve risks and uncertainties.

Special Note Regarding Forward-Looking Statements

This Quarterly Report includes “forward-looking
statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act that are not historical
facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. All
statements, other than statements of historical fact included in this Form 10-Q including, without limitation, statements in this “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” regarding the completion of any Business Combination (as
defined below), the Company’s financial position, business strategy and the plans and objectives of management for future operations,
are forward-looking statements. Words such as “expect,” “believe,” “anticipate,” “intend,”
“