Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 62

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 customers. Operating segments are defined as components of an enterprise that engage in business activities from which
it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by
the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified as
the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions
about allocating resources and assessing financial performance. Accordingly, management has determined that there is only one reportable
segment.

The CODM assesses performance for the single segment and decides how to allocate resources based on net loss that also is reported on
the statement of operations as net loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating
the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics included
in net income or loss and total assets, which include the following: 

    For the Three
                                            Months Ended
                                            March 31,   
    For the Period from
 January 31,
 2024 (Inception) Through
 March 31, 

    2025  
    2024 
  
    General and administrative expenses 
    $80,334  
    $5,975 

The key measures of segment profit or loss reviewed
by the CODM are general and administrative costs. General and administrative costs are reviewed and monitored by the CODM to manage and
forecast cash to ensure enough capital is available to complete the Initial Public Offering and eventually a Business Combination within
the Completion Window. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual agreements
to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on the unaudited condensed statement
of operations, are the significant segment expenses provided to the CODM on a regular basis.

All other segment items included in net loss are reported on the statement of operations and described within their respective disclosures.

14

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited) 

NOTE 9. SUBSEQUENT EVENTS 

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date up to the date that the condensed financial statements were issued