Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 104

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 104
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 change in our internal control over
financial reporting that occurred during the most recent fiscal quarter of 2025 covered by this Quarterly Report on Form 10-Q that has
materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. 

18

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

None

Item 1A. Risk Factors

Factors that could cause our actual results to
differ materially from those in this Quarterly Report are any of the risks described in our final prospectus for the Initial Public Offering
filed with the SEC on April 25, 2025 as supplemented by our Quarterly Report for the quarter ended March 31, 2025 filed with the SEC
on June 9, 2025. Any of these factors could result in a significant or material adverse effect on our results of operations or financial
condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results
of operations. As of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in our final
prospectus for the Initial Public Offering filed with the SEC as supplemented by our Quarterly Report for the quarter ended March 31,
2025 filed with the SEC on June 9, 2025, but we may disclose changes to such factors or disclose additional factors from time to time
in our future filings with the SEC.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

On April 28, 2025, we consummated the Initial
Public Offering of 25,300,000 Public Units at $10.00 per Public Units generating gross proceeds of $253,000,000. Cantor acted as sole
book-running manager of the Initial Public Offering. The securities in the offering were registered under the Securities Act on registration
statement on Form S-1 (No. 333-283427). The Securities and Exchange Commission declared the registration statements effective on April
24, 2025. Each Public Unit consists of one Public Share and one Public Right to receive one-tenth of one Class A ordinary share upon
consummation of our initial Business Combination.

Simultaneously with the closing of the Initial
Public Offering, we consummated the sale of an aggregate of 740,000 Private Placement Units at a price of $10.00 per Private Placement
Unit in a private placement to the Sponsor and Cantor,