Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 119

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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writers are entitled to a deferred fee
of $0.45 per unit on units other than those sold pursuant to the underwriters’ option to purchase additional units and $0.65 per
unit on units sold pursuant to the underwriters’ option to purchase additional units, or $12,045,000 in the aggregate due to the
full exercise of the underwriters’ over-allotment option. The deferred fee will become payable to the underwriters from the amounts
held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting
agreement.

Critical Accounting Policies

The preparation of condensed consolidated financial
statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets
and liabilities at the date of the financial statements, and income and expenses during the periods reported. Making estimates requires
management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation
or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate,
could change in the near term due to one or more future confirming events. Accordingly, the actual results could materially differ from
those estimates. We have identified the following critical accounting policies:

36

Net Income (Loss) per Share

The Company’s unaudited consolidated statements
of operations include a presentation of income (loss) per share for ordinary shares outstanding in a manner similar to the two-class
method of income (loss) per share. Net income (loss) per ordinary share, basic and diluted, for redeemable ordinary shares is calculated
by dividing the net income (loss) allocable to redeemable ordinary shares subject to possible redemption, by the weighted average number
of redeemable ordinary shares outstanding since original issuance. Net income (loss) per ordinary share, basic and diluted, for non-redeemable
ordinary shares is calculated by dividing net income (loss) allocable to non-redeemable ordinary shares, by the weighted average number
of non-redeemable ordinary shares outstanding for the periods.

Share-based compensation

The Company records share-based compensation
in accordance with FASB ASC Topic 718, “Compensation-Share Compensation” (“ASC 718”), guidance to account for
its share-based compensation. It defines a fair value-based method of accounting for an employee share option