Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 31

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 2025 and indicates the fair value hierarchy
of the valuation inputs the Company utilized to determine such fair value:

    Description
     
    Level

    June 30, 
2025

    Assets:

    Investments held in Trust Account – U.S. Treasury Securities Money Market Fund

    1

    $
    253,957,808

14

INFLECTION POINT ACQUISITION CORP. III

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE 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: 

    June 30, 

    2025 
  
    Cash and marketable securities held in Trust Account 
    $253,957,808 
  
    Cash 
    $1,509,466 

    Three Months Ended June 30, 2025

    Three Months Ended June 30, 2024

    Six Months Ended June 30, 2025

    For the Period from
January 31, 2024 
(inception) through June 30, 2024

    Formation and operating costs
     
    $
    467,291

    $
            —

    $
    547,