Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 117

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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 $4,400,000 of cash underwriting fee, $12,045,000 of deferred
underwriting fee, and $860,941 of other offering costs. 

For the nine months ended September 30, 2025,
cash used in operating activities was $1,027,255. Net loss of $1,388,538 was affected by interest earned on marketable securities held
in the Trust Account of $4,513,958, compensation expense of $2,581,854, and an adjustment to accrued offering costs of $5,000. Changes
in operating assets and liabilities provided $2,298,387 of cash for operating activities.

For the period from January 31, 2024 (inception)
through September 30, 2024, cash used in operating activities was $0.

As of September 30, 2025, we had marketable
securities held in the Trust Account of $256,650,172 and accrued interest of $863,786 which is included in other receivable –
dividend income on our condensed consolidated balance sheets. We intend to use substantially all of the funds held in the Trust
Account, including any amounts representing interest earned on the Trust Account (less income taxes payable), to complete our
Business Combination. We may withdraw interest or dividends earned on the funds held in the Trust Account for Permitted Withdrawals.
To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination,
the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or
businesses, make other acquisitions and pursue our growth strategies.  

As of September 30, 2025, we had cash of $1,270,446.
We intend to use the funds held outside the Trust Account plus permitted withdrawals primarily to identify and evaluate target businesses,
perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective
target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses,
and structure, negotiate and complete a Business Combination.

In order to fund working capital deficiencies
or finance transaction costs in connection with a Business Combination, the Sponsor, or certain of our officers and directors or their
affiliates may, but are not obligated to, loan us funds as may be required. If we complete a Business Combination, we would repay such
loaned amounts