Company: IPCX
Filing Date: 2025-01-16
Form Type: S-1/A
Source: 0001213900-25-003974
Chunk: 230

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-01-16
Form: S-1/A
Chunk 230
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 of any proposals recommended by our board of directors in connection with such business combination, and (v) with respect to private placement rights held by Cantor Fitzgerald & Co. and/or its designees, will not be convertible more than five years from the commencement of sales in this offering in accordance with FINRA Rule 5110(g)(8). If we do not complete our initial business combination within the completion window, the private placement units (including the private placement shares and the private placement rights underlying the private placement units) will expire worthless, except to the extent they entitle the holders thereof to receive liquidating distributions from assets outside the trust account. We may pay a consulting, success or finder fees to our sponsor, officers, directors, advisors, or their respective affiliates in connection with the consummation of our initial business combination. Further, we may engage our sponsor or an affiliate of our sponsor as an advisor or otherwise in connection with our initial business combination and certain other transactions and pay such person or entity a salary or fee in an amount that constitutes a market standard for comparable transactions. In addition, these individuals will be reimbursed for any out -of -pocketexpenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made by us to our sponsor, officers, directors or our or their affiliates and will determine which expenses and the amount of expenses that will be reimbursed. There is no cap or ceiling on the reimbursement of out -of -pocketexpenses incurred by such persons in connection with activities on our behalf. In addition, commencing on the date the securities of the Company are first listed on Nasdaq, we will pay an aggregate of $29,166.66 per month to IPAM, an affiliate of our sponsor and executive officers, for the services of Kevin Shannon, Chief Operating Officer and for office space and administrative services provided to members of our management team. Any such payments prior to our initial business combination will be made from funds held outside the trust 150 account. 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