Company: IPCX
Filing Date: 2025-08-25
Form Type: 425
Source: 0001213900-25-080147
Chunk: 21

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-25
Form: 425
Chunk 21
---
659/ea0222072-08.htm#T99012.
Additional information regarding the interests of such participants will be contained in the Registration Statement when available.

The Company, PubCo, and their
respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed participants in the
solicitation of proxies of Inflection Point’s shareholders in connection with the Business Combination. A list of the names of such
directors and executive officers and information regarding their interests in the Business Combination will be included in the Registration
Statement when available.

No Offer or Solicitation

This Report is for informational
purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the
solicitation of any vote in any jurisdiction pursuant to the Transactions or otherwise, nor shall there be any sale, issuance or transfer
of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus
meeting the requirements of Section 10 of the Securities Act.

<div align='center'>11</div>

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

| Exhibit 
 2.1†    |     | Description                                                                                                                                                                                                  
 Business Combination Agreement, dated as of August 25, 2025, by and                                                                                                                                          
 among Inflection Point Acquisition Corp. III, Air Water Ventures Holdings Limited, IPCX Merger Sub Limited, and Air Water Ventures Limited.                                                                  |
|:--------|:----|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1     |     | Amended and Restated Memorandum and Articles of Association of Air Water Ventures Limited                                                                                                                    |
| 4.1     |     | Form of Signing Share Purchase Warrant                                                                                                                                                                       |
| 4.2     |     | Form of Closing Share Purchase Warrant                                                                                                                                                                       |
| 10.1    |     | Company Support Agreement, dated as of August 25, 2025, by and among TAU Capital Holding Limited, Inflection Point Acquisition Corp. III, Air Water Ventures Holdings Limited and Air Water Ventures Limited |
| 10.2    |     | Sponsor Support Agreement, dated as of August 25, 2025, by and among Inflection Point Acquisition Corp. III, Air Water Ventures Holdings Limited and Air Water Ventures Limited.                             |
| 10.3    |     | Form of Sponsor Lock-Up Agreement.