Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 9

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 an aggregate of 15% of the then-outstanding Public Shares without the Company’s prior written consent.

The Sponsor has agreed (a) to waive its redemption
rights with respect to any Founder Shares, Private Placement Shares (as defined in Note 4) and Public Shares held by it in connection
with the completion of a Business Combination and (b) not to propose an amendment to the Amended and Restated Memorandum and Articles
of Association (i) to modify the substance or timing of the Company’s obligation to redeem 100% of the Public Shares if the
Company does not complete a Business Combination within the Completion Window (as defined below) or (ii) with respect to any other
material provision relating to shareholders’ rights or pre-initial business combination activity, unless the Company provides the
public shareholders with the opportunity to redeem their Public Shares in conjunction with any such amendment and (iii) to waive
its rights to liquidating distributions from the Trust Account with respect to the Founder Shares and Private Placement Units if
the Company fails to complete a Business Combination.

The Company will have until the date that is (i)
24 months from the closing of the Initial Public Offering or such earlier liquidation date as the board of directors may approve
or (ii) such later date approved by the holders of the Company’s ordinary shares pursuant to an amendment to the Company’s
Amended and Restated Memorandum and Articles of Association (such date, the “Completion Window”) to complete a Business Combination.
If the Company is unable to complete a Business Combination within the Completion Window, the Company will as promptly as reasonably possible
but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in
cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned and not previously released as Permitted
Withdrawals (less taxes paid or payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued
and outstanding Public Shares, which redemption will constitute full and complete payment for the Public Shares and completely extinguish
public shareholders’ rights as shareholders (including the right to receive further liquidation or other distributions, if any),
subject to its obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.

6

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED FINANC