Company: IPCX
Filing Date: 2025-01-16
Form Type: S-1/A
Source: 0001213900-25-003974
Chunk: 225

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-01-16
Form: S-1/A
Chunk 225
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 ordinary shares (assuming they do not purchase any units in this offering). Prior to the closing of our initial business combination, and while any Class B ordinary shares are issued and outstanding, only holders of our 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). Because of this ownership block, our initial shareholders may be able to effectively influence the outcome of all other matters requiring approval by our shareholders, including amendments to our amended and restated memorandum and articles of association and approval of significant corporate transactions including our initial business combination. Our sponsor and Cantor Fitzgerald & Co., the representative of the underwriters, will commit, pursuant to written agreements, to purchase an aggregate of 677,500 private placement units, at a price of $10.00 per private placement unit, or $6,775,000 in the aggregate, in a private placement that will close simultaneously with the closing of this offering. Of those 677,500 private placement units, our sponsor will commit to purchase 437,500 private placement units and Cantor Fitzgerald & Co. will commit to purchase 240,000 private placement units. The private placement units will be identical to the units sold in this offering except that (i) the private placement units may not (including the private placement shares, private placement rights and Class A ordinary shares underlying the private placement rights), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, (ii) each private placement share included in each private placement unit will not have any redemption rights or be entitled to liquidating distributions from the trust account, (iii) the private placement units (including the private placement shares, private placement rights and Class A ordinary shares underlying the private placement rights) will be entitled to registration rights, (iv) each holder of private placement shares will agree to vote any private placement shares in favor of a proposed initial business combination if we seek shareholder approval for such business combination and in favor of any proposals recommended by our board of directors in connection with such business combination, and (v) with respect to private placement rights held by Cantor Fitzgerald & Co. and/or its designees, will not be convertible more than five years from the commencement of sales in