Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 27

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 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.

Deferred Legal Fees

As of June 30, 2025, and December 31,2024, the
Company had a total of $116,097 and $14,456 of deferred legal fees to be paid to the Company’s Cayman legal advisors upon the consummation
of the Business Combination, which is classified as non-current liability in the accompanying balance sheet as of June 30, 2025, and
December 31,2024, respectively.

NOTE 7. SHAREHOLDERS’ DEFICIT

Preference Shares — The
Company is authorized to issue 5,000,000 preference shares with a par value of $0.0001. The Company’s board of directors is authorized
to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or other special rights and
any qualifications, limitations and restrictions thereof, applicable to the shares of each series. The board of directors will be able
to, without shareholder approval, issue preference shares with voting and other rights that could adversely affect the voting power and
other rights of the holders of the ordinary shares and could have anti-takeover effects. At June 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 June 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.

12

INFLECTION POINT ACQUISITION CORP. III

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE 30