Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 6

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
s 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
    )

    —

    Payment of offering costs

    (624,199
    )

    —

    Net cash provided by financing activities

    255,237,394

    —

    Net Change in Cash

    1,509,466

    —

    Cash – Beginning of period

    —

    —

    Cash – End of period
     
    $
    1,509,466

    $
    —

    Non-Cash investing and financing activities:

    Offering costs included in accrued offering costs
     
    $
    112,899

    $
    —

    Deferred offering costs paid through promissory note – related party
     
    $
    5,866

    $
    —

    Prepaid services contributed by Sponsor through promissory note - related party
     
    $
    5,844

    $
    —

    Accretion of Class A ordinary shares to redemption value
     
    $
    25,729,718

    $
    —

    Deferred underwriting fee payable
     
    $
    12,045,000

    $
    —

    Deferred legal fee payable in offering costs
     
    $
    34,989

    $
    —

    Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares
     
    $
    —

    $
    9,000

    Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares
     
    $
    —

    $
    10,212

The accompanying notes are an integral part of
the unaudited condensed financial statements. 

4

INFLECTION POINT ACQUISITION CORP. III

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Inflection Point Acquisition Corp. III (the “Company”)
is a special purpose acquisition company incorporated as a Cayman Islands exempted company on January 31,