Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 43

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 8
Chunk 43
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 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 to
receive one-tenth of one Class A ordinary share (the “Public Rights”) upon the consummation of an initial business combination.

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 Cantor Fitzgerald & Co., the representative of the underwriters
(“Cantor”), at a price of $10.00 per unit, or $7,400,000 in the aggregate. Of the 740,000 Private Placement Units, the Sponsor
purchased 500,000 Private Placement Units and Cantor purchased 240,000 Private Placement Units.

Transaction costs amounted to $17,305,941, consisting
of $4,400,000 of cash underwriting fee, $12,045,000 of deferred underwriting fee, and $860,941 of other offering costs.

The Company’s management has broad discretion
with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Private Placement Units,
although substantially all of the net proceeds are intended to be applied generally toward completing a Business Combination. The Company
must complete one or more Business Combinations having an aggregate fair market value equal to at least 80% of the net assets held in
the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes paid or payable on the income earned on
the Trust Account) at the time of the agreement to enter into the initial Business Combination. The Company will only complete a Business
Combination if the post-Business Combination company owns or acquires 50% or more of the issued and outstanding voting securities of the
target or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as an investment
company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). There is no assurance
that the Company will be able to successfully effect a Business Combination. Upon the closing of the Initial Public Offering on April
28, 2025, an amount of $253,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units,