Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 0

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Interim Financial Statements.

INFLECTION POINT ACQUISITION CORP. III

CONDENSED BALANCE SHEETS

    June 30, 
2025  
    December 31, 2024 

    (unaudited)  

    ASSETS 

    Current assets 

    Cash 
    $1,509,466  
                                                                            
    $
    — 
  
    Other receivable 
     873,954  
     — 
  
    Prepaid expenses and other current assets 
     251,760  
     5,532 
  
    Total Current Assets 
     2,635,180  
     5,532 

    Deferred offering costs 
     —  
     320,495 
  
    Long-term prepaid insurance 
     137,385  
     — 
  
    Cash and marketable securities held in Trust Account 
     253,957,808  
     — 
  
    TOTAL ASSETS 
    $256,730,373  
    $326,027 

    LIABILITIES AND SHAREHOLDERS’ DEFICIT 

    Current liabilities 

    Accrued expenses 
    $171,689  
    $40,875 
  
    Accrued offering costs 
     80,000  
     204,608 
  
    Promissory note – related party 
     187  
     126,884 
  
    Total current liabilities 
     251,876  
     372,367 
  
    Deferred legal fees 
     116,097  
     14,456 
  
    Deferred underwriting fee payable 
     12,045,000  
     — 
  
    TOTAL LIABILITIES 
     12,412,973  
     386,823 

    Commitments 

    Class A ordinary shares subject to possible redemption, 25,300,000 and no shares at a redemption value of $10.06 and $0 per share as of June 30, 2025 and December 31, 2024, respectively 
     254,581,762  
     — 

    Shareholders’ Deficit 

    Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding 
     —  
     — 
  
    Class A