Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 6

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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    Nine Months Ended September 30,  
    For the Period from January 31, 
2024 (Inception) Through September 30, 

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net loss 
    $(1,388,538) 
    $(22,683)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Dividend earned on marketable securities held in Trust Account 
     (4,513,958) 
     — 
  
    Compensation expense 
     2,581,854  
     — 
  
    Adjustment to accrued offering costs 
     (5,000) 
     — 
  
    Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
     —  
     5,788 
  
    Formation costs paid via advance from related party 
     —  
     187 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses and other current assets 
     (206,601) 
     3,404 
  
    Long Term prepaid insurance 
     (95,471) 
     — 
  
    Accrued expenses 
     248,350  
     13,304 
  
    Deferred legal fee 
     2,352,109  
     — 
  
    Net cash used in operating activities 
     (1,027,255) 
     — 

    Cash Flows from Investing Activities: 

    Investment of cash in Trust Account 
     (253,000,000) 
     — 
  
    Net cash used in investing activities 
     (253,000,000) 
     — 

    Cash Flows from Financing Activities: 

    Proceeds from sale of Units, net of underwriting discounts paid 
     248,600,000  
     — 
  
    Proceeds from sale of Private Placement Units 
     7,400,000  
     — 
  
    Proceeds from promissory note – related party 
     45,875  
     — 
  
    Repayment of promissory note – related party 
     (184,282) 
     — 
  
    Advances from related party 
     60,307  
     —