Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 44

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 44
---
30, 2025  
    Three Months Ended September 30, 2024  
    Nine Months Ended September 30, 2025  
    For the Period from January 31, 2024 (inception) through September 30, 2024 
  
    Formation and operating costs 
    $2,773,017  
    $16,708  
    $3,320,642  
    $22,683 
  
    Dividend income earned on marketable securities held in Trust Account 
    $2,682,196  
    $—  
    $4,513,958  
    $— 

The key measures of segment profit or loss reviewed
by the CODM are general and administrative costs. General and administrative costs are reviewed and monitored by the CODM to manage and
forecast cash to ensure enough capital is available to complete the Initial Public Offering and eventually a Business Combination within
the Completion Window. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual agreements
to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on the unaudited condensed
consolidated statement of operations, are the significant segment expenses provided to the CODM on a regular basis.

All other segment items included in net loss are reported on the statement
of operations and described within their respective disclosures.

NOTE 10. SUBSEQUENT EVENTS 

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date up to the date that the condensed consolidated financial statements were issued. Based upon
this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed consolidated
financial statements.

28

Item 2. Management’s Discussion and
Analysis of Financial Condition and Results of Operations

References in this Quarterly Report on Form 10-Q
(this “Quarterly Report”) to “we,” “us” or the “Company” refer to Inflection Point Acquisition
Corp. III References to our “management” or our “management team” refer to our officers and directors, and references
to the “Sponsor” refer to Inflection Point Holdings III LLC. The following discussion and analysis of the Company’s
financial condition and results of operations should be read in conjunction with the financial statements and the notes thereto contained
elsewhere in this Quarterly Report. Certain information contained in the discussion and analysis set forth below includes forward-looking
statements that involve