Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 82

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 2
Chunk 82
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. In the event that a Business Combination does not close, we may use a portion of the working capital held outside the
Trust Account to repay such loaned amounts but no proceeds from our Trust Account would be used for such repayment. Up to $1,500,000 of
such loans may be convertible into additional Private Placement Units at a price of $10.00 per Unit at the option of the lender.

We do not believe we will need to raise additional
funds in order to meet the expenditures required for operating our business that are payable prior to the closing of a Business Combination.
However, if our estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a Business
Combination are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior
to our Business Combination. Moreover, we may need to obtain additional financing either to complete our Business Combination or because
we become obligated to redeem a significant number of our Public Shares upon consummation of our Business Combination, in which case we
may issue additional securities or incur debt in connection with such Business Combination.

Off-Balance Sheet Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of March 31, 2025. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements,
established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual obligations

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities, other than an agreement to pay an aggregate of $29,166.66 per month
to Inflection Point Asset Management LLC (“IPAM”), an affiliate of the Sponsor and our executive officers, for the services
of Kevin Shannon, Chief Operating Officer and for office space and administrative services provided to members of our management team.
Upon completion of a Business Combination or its liquidation, the Company will cease paying these monthly fees.

The underwriters are entitled to a deferred fee
of $0.45 per unit on units other than those sold pursuant to the underwriters’ option to purchase additional units and $0.65 per
unit on units sold pursuant to the