Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 74

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 5,750,000
Class B ordinary shares (the “Founder Shares”). Subsequently on October 10, 2024, the Company effected a share capitalization
of 1,916,667 Class B ordinary shares, as a result of which the Sponsor owned 7,666,667 Founder 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. The share capitalizations are disclosed as retroactive adjustments. The Founder
Shares include an aggregate of up to 1,100,000 shares subject to forfeiture by the Sponsor to the extent that the underwriters’
over-allotment is not exercised in full or in part, so that the number of Founder Shares collectively represents 25% of the Company’s
issued and outstanding shares upon the completion of the Initial Public Offering (excluding the Private Placement Units). As a result
of the full exercise of the over-allotment option by the underwriter, the 1,100,000 Founder Shares are no longer subject to forfeiture.

The registration statement for the Company’s
Initial Public Offering was declared effective on April 24, 2025. On April 28, 2025, the Company consummated the Initial Public Offering
of 25,300,000 units at $10.00 per unit (the “Public Units” and with respect to the ordinary shares included in the Public
Units, the “Public Shares”), which includes the full exercise of the underwriters’ over-allotment option of 3,300,000
Units (see Note 3), generating gross proceeds of $253,000,000. Each Public Unit consists of one Class A ordinary share and one right (the
“Public Rights”) to receive one-tenth of one Class A ordinary share upon the consummation of an initial business combination.

5

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

Simultaneously with the closing of the Initial
Public Offering, the Company consummated the sale of an aggregate of 740,000 units (the “Private Placement Units” and together
with the Public Units, the “Units”), to the Sponsor and