Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 85

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 2
Chunk 85
---
 recently been experiencing
volatility and disruption caused by economic uncertainty, including as a result international trade disputes and ongoing military disputes
and related geopolitical uncertainty. International trade disputes, including threatened or implemented tariffs by the Trump administration
and threatened or implemented tariffs by foreign countries in retaliation, could adversely impact the business of any target business
with which we seek to complete an initial business combination (collectively, a “Target”). Trade disputes could also adversely
impact supply chains which could now or in the future increase costs for a Target or delay delivery of key inventories and supplies. Trade
disputes can also be highly disruptive to global financial markets. The length and impact of the ongoing trade disputes and military conflicts
are highly unpredictable. We are continuing to monitor the trade disputes, inflation, interest rates and the military conflicts and the
impacts to global capital markets, to the business of potential Target, and to our ability to complete our initial business combination.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

On April 28, 2025, we consummated the Initial
Public Offering of 25,300,000 Public Units at $10.00 per Public Units generating gross proceeds of $253,000,000. Cantor acted as sole
book-running manager of the Initial Public Offering. The securities in the offering were registered under the Securities Act on registration
statement on Form S-1 (No. 333-283427). The Securities and Exchange Commission declared the registration statements effective on April
24, 2025. Each Public Unit consists of one Public Share and one Public Right to receive one-tenth of one Class A ordinary share upon consummation
of our initial Business Combination.

Simultaneously with the closing of the Initial
Public Offering, we consummated the sale of an aggregate of 740,000 Private Placement Units at a price of $10.00 per Private Placement
Unit in a private placement to the Sponsor and Cantor, generating gross proceeds of $7,400,000. Each Private Placement Unit consists of
one Private Placement Share and one Private Placement Right to receive one-tenth of one Class A ordinary share upon consummation of our
initial Business Combination. The issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities
Act.

Transaction costs amounted to $17,305,941, consisting
of $4,400,000 of cash underwriting fee, $12,045,000