Company: IPCX
Filing Date: 2025-04-08
Form Type: S-1/A
Source: 0001213900-25-029998
Chunk: 314

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-04-08
Form: S-1/A
Chunk 314
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| Statement of Changes in Shareholder’s Deficit for the period from January 31, 2024 (Inception) through December 31, 2024 |     | F-5  |
| Statement of Cash Flows for the period from January 31, 2024 (Inception) through December 31, 2024                       |     | F-6  |
| Notes to Financial Statements                                                                                            |     | F-7  |

F-1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Shareholder of
Inflection Point Acquisition Corp. III. Opinion on the Financial Statements We have audited the accompanying balance sheet of Inflection Point Acquisition Corp. III. (the “Company”) as of December31, 2024, and the related statements of operations, changes in shareholder’s deficit, and cash flows for the period from January31, 2024 (inception) through December31, 2024, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December31, 2024, and the results of its operations and its cash flows for the period from January31, 2024 (inception) through December31, 2024, in conformity with accounting principles generally accepted in the United States of America. Substantial Doubt about the Company’s Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has no revenue, its business plan is dependent on the completion of a financing transaction and the Company’s cash and working capital are not sufficient to complete its planned activities one year from the issuance date of the financial statements. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s evaluation of the events and conditions and management’s plans regarding these matters are also described in Note 1 to the financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Our opinion is not modified with respect to that matter. Basis for Opinion These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required