Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 105

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 105
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 the ordinary shares and could have anti-takeover effects. At September 30, 2025 and December 31, 2024,
there were no preference shares issued or outstanding.

Class A Ordinary Shares — The
Company is authorized to issue 500,000,000 Class A ordinary shares, with a par value of $0.0001 per share. Holders of Class A
ordinary shares are entitled to one vote for each share. At September 30, 2025, there were 740,000 Class A ordinary shares issued
and outstanding, excluding 25,300,000 shares subject to possible redemption. At December 31, 2024, there were no shares issued and outstanding.

25

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

Class B Ordinary Shares — The
Company is authorized to issue 50,000,000 Class B ordinary shares, with a par value of $0.0001 per share. Holders of the Class B
ordinary shares are entitled to one vote for each share. At September 30, 2025 and December 31, 2024, there were 8,433,333 Class B
ordinary shares issued and outstanding, of which an aggregate of up to 1,100,000 Founder Shares were subject to forfeiture to the extent
that the underwriters’ over-allotment option was not exercised in full or in part so that the number of Founder Shares will equal
25% of the Company’s issued and outstanding ordinary shares after the Initial Public Offering (excluding the Private Placement Shares).
As a result of the full exercise of the over-allotment option by the underwriter, the 1,100,000 Founder Shares are no longer subject to
forfeiture.

Prior to the closing of the initial Business Combination,
only holders of the Class B ordinary shares will be entitled to vote on continuing the Company in a jurisdiction outside the Cayman
Islands (including any special resolution required to amend the constitutional documents of the Company or to adopt new constitutional
documents of the Company, in each case, as a result of the Company approving a transfer by way of continuation in a jurisdiction outside
the Cayman Islands). On any other matters submitted to a vote of the Company’s shareholders prior to or in connection with the