Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 7

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 7
---
 Payment of offering costs 
     (624,199) 
     — 
  
    Net cash provided by financing activities 
     255,297,701  
     — 

    Net Change in Cash 
     1,270,446  
     — 
  
    Cash – Beginning of period 
     —  
     — 
  
    Cash – End of period 
    $1,270,446  
    $— 

    Non-Cash investing and financing activities: 

    Offering costs included in accrued offering costs 
    $75,000  
    $79,919 
  
    Offering costs included in deferred legal fees 
    $34,989  
    $— 
  
    Deferred offering costs paid through promissory note – related party 
    $5,866  
    $— 
  
    Prepaid services contributed by Sponsor through promissory note - related party 
    $5,844  
    $— 
  
    Accretion of Class A ordinary shares to redemption value 
    $28,411,914  
    $— 
  
    Deferred underwriting fee payable 
    $12,045,000  
    $— 
  
    Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $—  
    $9,000 
  
    Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $—  
    $10,212 

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

4

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Inflection Point Acquisition Corp. III (the “Company”
or “Inflection Point”) is a special purpose acquisition company incorporated as a Cayman Islands exempted company on January
31, 2024. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses (“Business Combination”). On August 5, 2025, in connection with
the Company’s Business Combination Agreement (as defined below) IPCX Merger Sub Limited, a Cayman Islands exempted