Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 106

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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 completion
of the initial Business Combination, holders of the Class B ordinary shares and holders of the Class A ordinary shares will
vote together as a single class, except as required by law.

The Class B ordinary shares will
automatically convert into Class A ordinary shares immediately prior to, concurrently with or immediately following the
completion of a Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment. In the
case that additional Class A ordinary shares or equity-linked securities are issued or deemed issued in connection with a
Business Combination, the number of Class A ordinary shares issuable upon conversion of all Founder Shares will equal, in the
aggregate, 25% of the sum of (i) the total number of Class A ordinary shares outstanding (excluding the Private Placement Units
and the ordinary shares underlying the rights and after giving effect to any redemptions of Public Shares by public shareholders)
after such conversion plus (ii) the sum of the total number of Class A ordinary shares issued, or deemed issued or issuable
upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or
in relation to the consummation of a Business Combination, excluding any Class A ordinary shares or equity-linked securities
exercisable for or convertible into Class A ordinary shares issued, or to be issued, to any seller in a Business Combination
and any Private Placement Units issued to the Sponsor, officers or directors upon conversion of Working Capital Loans; provided
that such conversion of Founder Shares will never occur on a less than one-for-one basis.

Rights — Except
in cases where the Company is not the surviving company in a business combination, each holder of a right will automatically receive one-tenth
(1/10) of one Class A ordinary share upon consummation of the initial Business Combination. The Company will not issue fractional
shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise
addressed in accordance with the applicable provisions of Cayman law. In the event the Company is not the surviving company upon completion
of the initial business combination, each holder of a Right will be required to affirmatively convert his, her or its rights in order
to receive the one-tenth (1/10) of one Class A ordinary share underlying each Right upon consummation of the Business Combination.
If the Company is