Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 5

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
156  
    $(5,975) 
    $19,025 

(1)On
October 10, 2024, in connection with a recapitalization, the Company issued the Sponsor an additional 1,916,667 Class B ordinary shares
for no additional consideration, following which the Sponsor holds 7,666,667 Class B ordinary shares. On November 18, 2024, the Company
effected a share capitalization of 766,667 Class B ordinary shares, as a result of which the Sponsor owns 8,433,333 founder shares for
which it paid approximately $0.003 per share. All share amounts have been retroactively restated to reflect these adjustments.

The accompanying notes are an integral part of
the unaudited condensed financial statements.

3

INFLECTION POINT ACQUISITION CORP. III

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

    Six Months Ended June 30,

    For the Period from
 January 31, 2024 (Inception) Through  
June 30,

    2025

    2024

    Cash Flows from Operating Activities:

    Net loss
     
    $
    (1,297,717
    )
     
    $
    (5,975
    )
  
    Adjustments to reconcile net loss to net cash used in operating activities:

    Dividend earned on marketable securities held in Trust Account

    (1,831,762
    )

    —

    Compensation expense

    2,581,854

    —

    Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares

    5,788

    Formation costs paid via advance from related party

    187

    Changes in operating assets and liabilities:

    Prepaid expenses and other current assets

    (240,384
    )

    —

    Long Term prepaid insurance

    (137,385
    )

    —

    Accrued expenses

    130,814

    —

    Deferred legal fee

    66,652

    —

    Net cash used in operating activities

    (727,928
    )

    —

    Cash Flows from Investing Activities:

    Investment of cash in Trust Account

    (253,000,000
    )

    —

    Net cash used in investing activities

    (253,000,000
    )

    —

    Cash Flows from Financing Activities:

    Proceed