Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 2

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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    Formation and operating costs 
    $2,773,017  
    $16,708  
    $3,320,642  
    $22,683 
  
    Loss from operations 
     (2,773,017) 
     (16,708) 
     (3,320,642) 
     (22,683)

    OTHER INCOME (EXPENSE) 

    Compensation expense 
     —  
     —  
     (2,581,854) 
     — 
  
    Dividend earned on marketable securities held in Trust Account 
     2,682,196  
     —  
     4,513,958  
     — 
  
    Total other income, net 
     2,682,196  
     —  
     1,932,104  
     — 

    NET LOSS 
    $(90,821) 
    $(16,708) 
    $(1,388,538) 
    $(22,683)

    Weighted average shares outstanding, Redeemable shares 
     25,300,000  
     —  
     14,417,279  
     — 
  
    Basic and diluted net income per share, Redeemable shares 
    $0.03  
    $—  
    $0.69  
    $— 
  
    Weighted average shares outstanding, Non-redeemable shares(1) 
     9,173,333  
     8,433,333  
     8,855,024  
     8,433,333 
  
    Basic and diluted net loss per share, Non-redeemable shares 
    $(0.08) 
    $(0.00) 
    $(1.28) 
    $(0.00)

  (1) On October 10, 2024, in connection with a recapitalization, the Company issued the Sponsor an additional 1,916,667 Class B ordinary shares for no additional consideration, following which the Sponsor holds 7,666,667 Class B ordinary shares. On November 18, 2024, the Company effected a share capitalization of 766,667 Class B ordinary shares, as a result of which the Sponsor owns 8,433,333 founder shares for which it paid approximately $