Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 102

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 102
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 or any express or implied association between the Sponsor and/or IPAM,
on the one hand, and the Company or any of its other affiliates, on the other hand, which agreement provides that the indemnified parties
cannot access the funds held in the Trust Account.

For the three months ended September 30, 2025,
we incurred and paid $87,500 of fees for these services. For the nine months ended September 30, 2025, we incurred and paid $151,667 of
fees for these services.

Related Party Loans

In order to finance transaction costs in connection
with an intended initial Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the officers and directors may,
but are not obligated to, loan the Company funds as may be required. If the Company completes its initial Business Combination, the Company
would repay such loaned amounts. In the event that the initial Business Combination does not close, the Company may use amounts held outside
the Trust Account to repay such loaned amounts and funds received from permitted withdrawals but no proceeds from the Trust Account would
be used to repay such loaned amounts. Up to $1,500,000 of such loans may be convertible into additional Private Placement Units at
a price of $10.00 per Unit at the option of the lender. As of September 30, 2025 and December 31, 2024, no such loans were outstanding.

Advances from Related Party

As of September 30, 2025 and December 31, 2024, the Company owed related parties $60,307 and $0, respectively
for expenses paid on the Company’s behalf.

23

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

NOTE 6. COMMITMENTS 

Registration Rights

The holders of the Founder Shares, Private Placement
Units (including any Private Placement Shares, Private Placement Rights and any Class A ordinary shares underlying the Private Placement
Rights) and any additional Private Placement Units that may be issued upon conversion of the Working Capital Loans (including any
Private Placement Shares, Private Placement Rights and any Class A ordinary shares underlying the Private Placement Rights) are entitled
to registration rights pursuant to a registration rights agreement signed prior to the effective date of the Initial Public Offering requiring
the Company to register a sale of any of the securities held by them