Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 43

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 held in Trust account is included in other receivable – dividend income on the Company’s condensed consolidated
balance sheets. From inception through September 30, 2025, the Company did not withdraw any interest earned on the Trust Account to
pay for its franchise and income tax obligations.

The following table presents information about
the Company’s assets that are measured at fair value on a recurring basis at September 30, 2025 and indicates the fair value hierarchy
of the valuation inputs the Company utilized to determine such fair value:

    Description 
    Level 
    September 30, 2025 
  
    Assets: 

    Investments held in Trust Account – U.S. Treasury Securities Money Market Fund 
    1 
    $256,650,172 

27

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

NOTE 9. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services,
geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities
from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly
evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate resources
and assess performance.

The Company’s CODM has been identified
as the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions
about allocating resources and assessing financial performance. Accordingly, management has determined that there is only one reportable
segment.

The CODM assesses performance for the single
segment and decides how to allocate resources based on net loss that also is reported on the statement of operations as net loss. The
measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making
key decisions regarding resource allocation, the CODM reviews several key metrics included in net income or loss and total assets, which
include the following: 

    September 30, 

    2025 
  
    Cash and marketable securities held in Trust Account 
    $256,650,172 
  
    Cash 
    $1,270,446 

    Three Months Ended September