Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 9

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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assets in this form is intended to be temporary and for the sole purpose of facilitating the intended Business Combination and, may at
any time be held as cash or cash items, including in demand deposit accounts at a bank, as determined by the Company, until the earlier
of: (i) the completion of a Business Combination and (ii) the distribution of the funds in the Trust Account to the Company’s shareholders,
as described below.

The Company will provide its shareholders with
the opportunity to redeem all or a portion of their Public Shares in connection with the completion of a Business Combination either
(i) in connection with a general meeting called to approve the Business Combination or (ii) without a shareholder vote by means of a
tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer
will be made by the Company. The public shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount
held in the Trust Account (initially $10.00 per share), calculated as of two business days prior to the completion of a Business Combination,
including interest earned on the funds held in the Trust Account (net of amounts withdrawn to fund our working capital requirements,
subject to an annual limit of $250,000 (plus the rollover of unused amounts from prior years), and/or to pay for our taxes (any withdrawals
to pay for our taxes (which shall exclude any 1% U.S. federal excise tax on stock repurchases under the Inflation Reduction Act of 2022
that is imposed on us, if any) shall not be subject to the $250,000 annual limitation described in the foregoing)) (such withdrawals,
“Permitted Withdrawals”).

5

INFLECTION POINT ACQUISITION CORP. III

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

The Public Shares are recorded at redemption
value and classified as temporary equity upon the completion of the Initial Public Offering, in accordance with Accounting Standards
Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.”

If the Company seeks shareholder approval, the
Company will complete a Business Combination only if it receives an ordinary resolution under Cayman Islands law approving a Business
Combination, which requires the affirmative vote of a majority of the Company’s ordinary shares which are represented in person
or by proxy and are voted at a general meeting of the Company