Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 97

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 97
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ited)

    Three Months Ended September 30, 2025  
    Three Months Ended September 30, 2024  
    Nine Months Ended September 30, 2025  
    For the Period from January 31, 2024 (inception) through September 30, 2024 
  
    Redeemable shares 

    Numerator: 

    Allocation of net loss 
    $(2,035,119) 
    $— 
    $(18,461,492) 
    $—
  
    Accretion of temporary equity to redemption value 
     —  
     —  
     24,147,956  
     — 
  
    Permitted withdrawal from Trust account for working capital purposes 
     —  
     —  
     (250,000) 
     — 
  
    Dividend income from Trust account 
     2,682,196  
     —  
     4,513,958  
     — 
  
    Net income (loss) 
    $647,077  
    $— 
    $9,950,422  
    $—
  
    Denominator: 

    Weighted average number of Redeemable shares 
     25,300,000  
     —  
     14,417,279  
     — 
  
    Basic and diluted net income  per Redeemable share 
    $0.03  
    $—  
    $0.69  
    $— 

    Non-redeemable shares 

    Numerator: 

    Allocation of net loss 
    $(737,898) 
    $(16,708) 
    $(11,338,960) 
    $(22,683)
  
    Denominator: 

    Weighted average number of Non-redeemable shares 
     9,173,333  
     8,433,333  
     8,855,024  
     8,433,333 
  
    Basic and diluted net loss per Non-redeemable share 
    $(0.08) 
    $(0.00) 
    $(1.28) 
    $(0.00)

Recent Accounting Standards

In November 2024, the FASB issued Accounting Standards
Update (“ASU”) 2024-03,