Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 0

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Interim Financial Statements.

INFLECTION POINT ACQUISITION CORP. III

BALANCE SHEETS

    March 31,
2025  
    December 31,
2024 

    (Unaudited)  

    ASSETS 

    Current assets 

    Prepaid Expense 
    $8,638  
    $5,532 
  
    Total current assets 
     8,638  
     5,532 
  
    Deferred offering costs 
     526,662  
     320,495 
  
    TOTAL ASSETS 
    $535,300  
    $326,027 

    LIABILITIES AND SHAREHOLDER’S DEFICIT 

    Current liabilities 

    Accrued expenses 
    $113,471  
    $40,875 
  
    Accrued offering costs 
     386,689  
     204,608 
  
    Promissory note - related party 
     143,594  
     126,884 
  
    Total current liabilities 
     643,754  
     372,367 
  
    Deferred legal fees 
     32,676  
     14,456 
  
    TOTAL LIABILITIES 
     676,430  
     386,823 

    COMMITMENTS AND CONTINGENCIES (Note 6) 

    SHAREHOLDER’S DEFICIT 

    Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding 
     —  
     — 
  
    Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding 
     —  
     — 
  
    Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 8,433,333 shares issued and outstanding (1)(2) as of March 31, 2025 and December 31, 2024 
     844  
     844 
  
    Additional paid-in capital 
     24,156  
     24,156 
  
    Accumulated deficit 
     (166,130) 
     (85,796)
  
    TOTAL SHAREHOLDER’S DEFICIT 
     (141,130) 
     (60,796)
  
    TOTAL LI