Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 80

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 2
Chunk 80
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 required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise.

Overview

We are a blank check company incorporated in the
Cayman Islands on January 31, 2024 formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses (a “Business Combination”). We intend to effectuate our Business
Combination using cash derived from the proceeds of the Initial Public Offering and the sale of the Private Placement Units, our shares,
debt or a combination of cash, shares and debt.

We expect to continue to incur significant costs
in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities from January 31, 2024 (inception) through March 31, 2025 were organizational
activities, those necessary to prepare for the Initial Public Offering, described below, and identifying a target company for a Business
Combination. We do not expect to generate any operating revenues until after the completion of our Business Combination. Following our
Initial Public Offering, we generate non-operating income in the form of interest income on marketable securities held in the Trust Account.
We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well
as for due diligence expenses.

For the three months ended March 31, 2025, we
had a net loss of $80,334, which consisted of general and administrative costs.

For the period from January 31, 2024 (Inception)
through March 31, 2024, we had a net loss of $5,975, which consisted of general and administrative costs.  

Liquidity and Capital Resources

Until the consummation of the Initial Public Offering,
our only source of liquidity was an initial purchase of shares of Class B ordinary shares, par value $0.0001 per share, by the Sponsor
and loans from an affiliate of the Sponsor, Inflection Point Fund I, LP.

Subsequent to the end of the quarterly period
covered by this Quarterly Report, on April 28, 2025, we consummated the Initial Public Offering of 25,300,000 units