Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 37

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 If the Company completes its initial Business Combination, the Company
would repay such loaned amounts. In the event that the initial Business Combination does not close, the Company may use amounts held outside
the Trust Account to repay such loaned amounts and funds received from permitted withdrawals but no proceeds from the Trust Account would
be used to repay such loaned amounts. Up to $1,500,000 of such loans may be convertible into additional Private Placement Units at
a price of $10.00 per Unit at the option of the lender. As of September 30, 2025 and December 31, 2024, no such loans were outstanding.

Advances from Related Party

As of September 30, 2025 and December 31, 2024, the Company owed related parties $60,307 and $0, respectively
for expenses paid on the Company’s behalf.

23

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

NOTE 6. COMMITMENTS 

Registration Rights

The holders of the Founder Shares, Private Placement
Units (including any Private Placement Shares, Private Placement Rights and any Class A ordinary shares underlying the Private Placement
Rights) and any additional Private Placement Units that may be issued upon conversion of the Working Capital Loans (including any
Private Placement Shares, Private Placement Rights and any Class A ordinary shares underlying the Private Placement Rights) are entitled
to registration rights pursuant to a registration rights agreement signed prior to the effective date of the Initial Public Offering requiring
the Company to register a sale of any of the securities held by them, including any other securities of the Company acquired by them prior
to the consummation of the Company’s initial Business Combination. The holders of these securities will be entitled to make up to
three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggyback”
registration rights with respect to registration statements filed subsequent to the completion of a Business Combination. The Company
will bear the expenses incurred in connection with the filing of any such registration statements.

Risks and Uncertainties

The United States and global markets are
experiencing volatility and disruption following the geopolitical instability resulting from the ongoing Russia-Ukraine conflict and the
recent escalation of the Israel-Hamas conflict. In response to the ongoing Russia-Ukraine conflict, the North Atlantic