Company: IPCX
Filing Date: 2025-04-08
Form Type: S-1/A
Source: 0001213900-25-029998
Chunk: 232

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-04-08
Form: S-1/A
Chunk 232
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 or a valuation or appraisal firm stating that the consideration to be paid by us in such an initial business combination is fair to our company from a financial point of view. We are not required to obtain such an opinion in any other context. We are not required to obtain such an opinion in any other context. We are entitled 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). 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. 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 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 (i) funds held outside the trust account or (ii) funds released to us as permitted withdrawals. 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 provides that the indemnified parties cannot access the funds held in our trust account. We cannot assure you that any of the above mentioned conflicts will be resolved in our favor. In the event that we submit our initial business combination to our public shareholders for a vote, our sponsor and management team will agree to vote their founder shares, private placement shares and any shares purchased during or after the offering in favor of our initial business combination (except with respect to any public shares which may not be voted in favor of approving the business combination transaction in accordance with the requirements of Rule