Company: IPCX
Filing Date: 2025-01-16
Form Type: S-1/A
Source: 0001213900-25-003974
Chunk: 315

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-01-16
Form: S-1/A
Chunk 315
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,000, or approximately $0.004 per share, to cover certain of our offering and formation costs in exchange for 5,750,000 founder shares. Subsequently on October 10, 2024, the Company effected a share capitalization of 1,916,667 Class B ordinary shares, as a result of which the F-11 INFLECTION POINT ACQUISITION CORP. III
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2024 Note 5 — Related Party Transactions (cont.) Sponsor owned 7,666,667 founder shares. On November 18, 2024, the Company effected a share capitalization of 766,667 Class B ordinary shares, as a result of which the Sponsor owns 8,433,333 founder shares for which it paid approximately $0.003 per share. The share capitalizations are disclosed as retroactive adjustments. The Founder Shares include an aggregate of up to 1,100,000shares subject to forfeiture by the Sponsor to the extent that the underwriters’ over -allotmentis not exercised in full or in part, so that the number of Founder Shares will collectively represent 25% of the Company’s issued and outstanding shares upon the completion of the Proposed Offering (excluding the Private Placement Units). The Sponsor has agreed not to transfer, assign or sell any of the founder shares and any Class A ordinary shares issuable upon conversion thereof until the earlier to occur of: (i) 180 days after the completion of the initial Business Combination or (ii) the date on which the Company completes a liquidation, merger, share exchange or other similar transaction after the initial Business Combination that results in all of the shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property. Advance from Related Party As of September 30, 2024, the Sponsor paid for an offering cost on behalf of the Company of $187 which is noted as an advance from related party on the balance sheet. Services and Indemnification Agreement Commencing on the date the securities of the Company are first listed on Nasdaq, we will pay an aggregate of $25,000 per month to Inflection Point Asset Management LLC (“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. Upon completion of a Business Combination or its liquidation, the Company will cease paying these monthly fees.