Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 58

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 we conducted an evaluation of the effectiveness of our disclosure controls and
procedures as of the end of the fiscal quarter ended September 30, 2025, as is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange
Act. Based on the foregoing, our Certifying Officers concluded that our disclosure controls and procedures were effective at a reasonable
assurance level and, accordingly, provided reasonable assurance that the information required to be disclosed by us in reports filed
under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and
forms.

Changes in Internal Control over Financial
Reporting

There was no change in our internal control over
financial reporting that occurred during the most recent fiscal quarter of 2025 covered by this Quarterly Report on Form 10-Q that has
materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. 

38

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

None

Item 1A. Risk Factors

Factors that could cause our actual results to
differ materially from those in this Quarterly Report are any of the risks described in our final prospectus for the Initial Public Offering
filed with the SEC on April 25, 2025 as supplemented by our Quarterly Report for the quarter ended March 31, 2025 filed with the SEC
on June 9, 2025. Any of these factors could result in a significant or material adverse effect on our results of operations or financial
condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results
of operations. As of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in our final
prospectus for the Initial Public Offering filed with the SEC as supplemented by our Quarterly Report for the quarter ended March 31,
2025 filed with the SEC on June 9, 2025, but we may disclose changes to such factors or disclose additional factors from time to time
in our future filings with the SEC.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

On April 28, 2025, we consummated the Initial
Public Offering of 25,300,000 Public Units at $10.00 per Public Units generating gross proceeds of $253,000,000. Cantor acted as sole
book-running manager of