Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 96

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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 Units (the “Private Placement Rights” and together with the Public Rights, the “Rights”) since the exercise
of the Rights are contingent upon the occurrence of future events and the inclusion of such Rights would be anti-dilutive.

The Company’s unaudited condensed consolidated
statements of operations include a presentation of income (loss) per share for ordinary shares 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 (loss) income 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 (loss) income allocable to non-redeemable ordinary shares, by the weighted average number of non-redeemable
ordinary shares outstanding for the periods.

    Three Months 
Ended September 30, 
2025  
    Three Months 
Ended September 30, 
2024  
    Nine Months
 Ended
 September 30, 
2025  
    For the Period
 from
 January 31, 2024 
(inception) 
through
 September 30, 
2024 

    Net loss 
    $(90,821) 
    $(16,708) 
    $(1,388,538) 
    $(22,683)
  
    Accretion of temporary equity to redemption value 
     — 
     —  
     (24,147,956) 
     — 
  
    Permitted withdrawal from Trust account for working capital purposes 
     —  
     —  
     250,000  
     — 
  
    Dividend income from Trust account 
     (2,682,196) 
     —  
     (4,513,958) 
     — 
  
    Net loss including accretion of temporary equity to redemption value 
    $(2,773,017) 
    $(16,708) 
    $(29,800,452) 
    $(22,683)

19

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaud