Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 29

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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emptions 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 unable to complete the initial Business Combination within the required time period and the Company will
redeem the public shares for the funds held in the Trust Account, holders of Rights will not receive any of such funds for their Rights
and the Rights will expire worthless.

13

INFLECTION POINT ACQUISITION CORP. III

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

NOTE 8. FAIR VALUE MEASUREMENTS 

The fair value of the Company’s financial
assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale
of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the
measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of