Company: IPCX
Filing Date: 2025-04-08
Form Type: S-1/A
Source: 0001213900-25-029998
Chunk: 151

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-04-08
Form: S-1/A
Chunk 151
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 restated memorandum and articles of association provides that, following this offering and prior to the consummation of our initial business combination, we will be prohibited from issuing additional securities that would entitle the holders thereof to (i) receive funds from the trust account or (ii) vote on any initial business combination. We believe that amounts not held in trust, together with permitted withdrawals, will be sufficient to pay the costs and expenses to which such proceeds are allocated that are payable prior to the closing of our initial business combination. However, if our estimate of the costs of undertaking due diligence and negotiating a business combination is less than the actual amount necessary to do so, we may be required to raise additional capital, the amount, availability and cost of which is currently unascertainable. If we are required to seek additional capital, we could seek such additional capital through loans or additional investments from our sponsor, members of our management team or any of their affiliates, but such persons are not under any obligation to advance funds to, or invest in, us. We are permitted to withdraw a maximum of $250,000 of funds from interest earned on the trust account for working capital purposes per year (plus the rollover of unused amounts from prior years). Commencing on the date the securities of the Company are first listed on Nasdaq, we will pay IPAM, an affiliate of our sponsor and executive officers, an aggregate of $29,166.66 per month for the services of Kevin Shannon, Chief Operating Officer and for office space and administrative services provided to members of our management team. Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees. In addition, we will agree, pursuant to the services and indemnification agreement with our sponsor, IPAM and Kevin Shannon relating to the monthly payment for the services of Kevin Shannon, Chief Operating Officer and for office space and administrative services provided to members of our management team described above, that we will indemnify our sponsor and IPAM from any claims arising out of or relating to this offering or the company’s operations or conduct of the company’s business or any claim against our sponsor and/or IPAM alleging any expressed or implied management or endorsement by our sponsor and/or IPAM of any of the company’s activities or any express or implied association between our sponsor and/or IPAM, on the one hand, and the company or any of its other affiliates, on the other hand, which agreement will provide that the indemnified parties cannot access the funds held in our trust account. Prior