Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 41

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 ordinary shares outstanding (excluding the Private Placement Units
and the ordinary shares underlying the rights and after giving effect to any redemptions of Public Shares by public shareholders)
after such conversion plus (ii) the sum of the total number of Class A ordinary shares issued, or deemed issued or issuable
upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or
in relation to the consummation of a Business Combination, excluding any Class A ordinary shares or equity-linked securities
exercisable for or convertible into Class A ordinary shares issued, or to be issued, to any seller in a Business Combination
and any Private Placement Units issued to the Sponsor, officers or directors upon conversion of Working Capital Loans; provided
that such conversion of Founder Shares will never occur on a less than one-for-one basis.

Rights — Except
in cases where the Company is not the surviving company in a business combination, each holder of a right will automatically receive one-tenth
(1/10) of one Class A ordinary share upon consummation of the initial Business Combination. The Company will not issue fractional
shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise
addressed in accordance with the applicable provisions of Cayman law. In the event the Company is not the surviving company upon completion
of the initial business combination, each holder of a Right will be required to affirmatively convert his, her or its rights in order
to receive the one-tenth (1/10) of one Class A ordinary share underlying each Right upon consummation of the Business Combination.
If the Company is unable to complete the initial Business Combination within the required time period and the Company will redeem the
public shares for the funds held in the Trust Account, holders of Rights will not receive any of such funds for their Rights and the Rights
will expire worthless.

26

INFLECTION POINT ACQUISITION CORP. III

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(Unaudited)

NOTE 8. FAIR VALUE MEASUREMENTS 

The fair value of the Company’s financial
assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale
of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the