Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 78

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 (ii) with respect to any other material provision
relating to shareholders’ rights or pre-initial business combination activity, unless the Company provides the public shareholders
with the opportunity to redeem their Public Shares in conjunction with any such amendment and (iii) to waive its rights to liquidating
distributions from the Trust Account with respect to the Founder Shares and Private Placement Units if the Company fails to complete a
Business Combination.

7

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

The Company will have until the date that is (i)
24 months from the closing of the Initial Public Offering or such earlier liquidation date as the board of directors may approve or (ii)
such later date approved by the holders of the Company’s ordinary shares pursuant to an amendment to the Company’s Amended
and Restated Memorandum and Articles of Association (such date, the “Completion Window”) to complete a Business Combination.
If the Company is unable to complete a Business Combination within the Completion Window, the Company will as promptly as reasonably possible
but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal
to the aggregate amount then on deposit in the Trust Account, including interest earned and not previously released as Permitted Withdrawals
(less taxes paid or payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding
Public Shares, which redemption will constitute full and complete payment for the Public Shares and completely extinguish public shareholders’
rights as shareholders (including the right to receive further liquidation or other distributions, if any), subject to its obligations
under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.

The Sponsor has agreed to waive its liquidation
rights with respect to the Founder Shares and Private Placement Units if the Company fails to complete a Business Combination within the
Completion Window. However, if the Sponsor acquires Public Shares in or after the Initial Public Offering, such Public Shares will be
entitled to liquidating distributions from the Trust Account if the Company fails to complete a Business Combination within the Completion
Window. The underwriters have agreed to waive their rights to their deferred underwriting commission (see Note 6) held in the Trust Account
in the event the Company does not complete