Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 166

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 2
Chunk 166
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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 the Initial Public Offering. The securities in the offering were registered under the Securities Act on registration
statement on Form S-1 (No. 333-283427). The Securities and Exchange Commission declared the registration statements effective on April
24, 2025. Each Public Unit consists of one Public Share and one Public Right to receive one-tenth of one Class A ordinary share upon
consummation of our initial Business Combination.

Simultaneously with the closing of the Initial
Public Offering, we consummated the sale of an aggregate of 740,000 Private Placement Units at a price of $10.00 per Private Placement
Unit in a private placement to the Sponsor and Cantor, generating gross proceeds of $7,400,000. Each Private Placement Unit consists
of one Private Placement Share and one Private Placement Right to receive one-tenth of one Class A ordinary share upon consummation of
our initial Business Combination. The issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of the
Securities Act.

Transaction costs amounted to $17,305,941, consisting
of $4,400,000 of cash underwriting fee, $12,045,000 of deferred underwriting fee, and $860,941 of other offering costs.

After deducting the underwriting fees (excluding
the deferred portion of $12,045,000, which amount will be payable upon consummation of our initial Business Combination, if consummated)
and the offering expenses, the total net proceeds from the Initial Public Offering and the private placement was $255,139,059,  of
which $253,000,000 was placed in the Trust Account.

For a description of the use of the proceeds
generated in our Initial Public Offering, see Part I, Item 2 of this Form 10-Q.

19

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

None

Item 5. Other Information

None

Item 6. Exhibits

The following exhibits are filed as part of,
or incorporated by reference into, this Quarterly Report on