Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 34

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 necessary to prepare for the Initial Public Offering, described below, and identifying a target company for a Business
Combination. We do not expect to generate any operating revenues until after the completion of our Business Combination. We generate
non-operating income in the form of interest income on marketable securities held in the Trust Account. We incur expenses as a result
of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For the three months ended June 30, 2025, we
had a net loss of $1,217,383, which consists of operating costs of $467,291 and compensation expense of $2,581,854, offset by interest
income on marketable securities held in the Trust Account of $1,831,762.

For the six months ended June 30, 2025, we had
a net loss of $1,297,717, which consists of operating costs of $547,625 and compensation expense of $2,581,854, offset by interest income
on marketable securities held in the Trust Account of $1,831,762.

For the three months ended June 30, 2024, we
had no net income or net loss.

For the period from January 31, 2024 (inception)
through June 30, 2024, we had net loss of $5,975, which consisted of formation and operating costs.

Liquidity and Capital Resources

Until the consummation of the Initial Public
Offering, our only source of liquidity was an initial purchase of Class B ordinary shares by the Sponsor and loans from an affiliate
of the Sponsor, Inflection Point Fund I, LP. On April 28, 2025, we consummated the Initial Public Offering of 25,300,000 Public Units,
at $10.00 per unit, generating gross proceeds of $253,000,000. Simultaneously with the closing of the Initial Public Offering, we completed
the sale 740,000 Private Placement Units at a price of $10.00 per unit in a private placement to the Sponsor and Cantor, generating gross
proceeds of $7,400,000.

Following the Initial Public Offering, the full
exercise of the over-allotment option, and the sale of the Private Units, a total of $253,000,000 was placed in the Trust Account. We
incurred $17,305