Company: IPCX
Filing Date: 2025-04-29
Form Type: 8-K
Source: 0001213900-25-036378
Chunk: 3

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-04-29
Form: 8-K
Item: Item 3.02
Chunk 3
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Item 3.02. Unregistered Sales of Equity Securities.

On April 28, 2025, simultaneously
with the closing of the IPO, pursuant to the Private Placement Units Purchase Agreements, the Company completed the private sale of an
aggregate of 740,000 private placement units (the “ Private Placement Units”) to the Sponsor and Representative at a
purchase price of $10.00 per Private Placement Unit, generating gross proceeds to the Company of $7,400,000. Of the 740,000 Private Placement
Units, the Sponsor purchased 500,000 Private Placement Units and the Representative purchased 240,000 Private Placement Units. The Private
Placement Units are identical to the Units sold in the IPO, except that, for so long as the Private Placement Units are held by the Sponsor,
Representative or their permitted transferees, the Private Placement Units (i) may not (including the private placement shares, private
placement rights and Class A ordinary shares underlying the private placement rights), subject to certain limited exceptions, be transferred,
assigned or sold by the holders until 30 days after the completion of the Company’s initial business combination, (ii) each private
placement share included in each Private Placement Unit will not have any redemption rights or be entitled to liquidating distributions
from the trust account, (iii) the Private Placement Units (including the private placement shares, private placement rights and Class
A ordinary shares underlying the private placement rights) will be entitled to registration rights, (iv) each holder of private placement
shares will agree to vote any private placement shares in favor of a proposed initial business combination if the Company seeks shareholder
approval for such business combination and in favor of any proposals recommended by the Company’s board of directors in connection
with such business combination, and (v) with respect to private placement rights held by the Representative and/or its designees, will
not be convertible more than five years from the commencement of sales in this offering in accordance with FINRA Rule 5110(g)(8). The
Private Placement Units will be worthless if the Company does not complete an initial business combination. The material terms of the
Private Placement Units are fully described in the Prospectus and are incorporated herein by reference. No underwriting discounts or commissions
were paid with respect to the sale of the Private Placement Units. The issuance of the Private Placement Units was made pursuant to the
exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended