Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 1

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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ABILITIES AND SHAREHOLDER’S DEFICIT 
    $535,300  
    $326,027 

  (1) Includes up to 1,100,000 of the founder shares that were subject to surrender by the Sponsor for no consideration depending on the extent to which the underwriters’ over-allotment is exercised (Note 5). On April 28, 2025, the Company consummated the Initial Public Offering of 25,300,000 units at $10.00 per unit, which includes the full exercise of the underwriter’s over-allotment option, therefore the 1,100,000 founder shares are no longer subject to forfeiture.  

  (2) On October 10, 2024, in connection with a recapitalization, the Company issued the Sponsor an additional 1,916,667 Class B ordinary shares for no additional consideration, following which the Sponsor holds 7,666,667 Class B ordinary shares. On November 18, 2024, the Company effected a share capitalization of 766,667 Class B ordinary shares, as a result of which the Sponsor owns 8,433,333 founder shares for which it paid approximately $0.003 per share. All share amounts have been retroactively restated to reflect these adjustments. 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

1

INFLECTION POINT ACQUISITION CORP. III

UNAUDITED CONDENSED STATEMENTS OF OPERATIONS

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

    March 31,  
    March 31, 

    2025  
    2024 
  
    General and administrative costs 
    $80,334  
    $5,975 
  
    Loss from operations 
     (80,334) 
     (5,975)

    Net loss 
    $(80,334) 
    $(5,975)

    Weighted average shares outstanding, Class B ordinary shares(1)(2) 
     7,333,333  
     7,333,333 
  
    Basic and diluted net loss per share, Class B ordinary shares 
    $(0.01) 
    $(0.00)

  (1) Excludes up to 1,100,000 of the founder shares that were subject to surrender by the