Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 1

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 740,000 shares and no shares issued and outstanding, excluding 25,300,000 and no shares subject to possible redemption at June 30, 2025 and December 31, 2024, respectively (1) 
     74  
     — 
  
    Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 8,433,333 shares issued and outstanding at June 30, 2025 and December 31, 2024(1) 
     844  
     844 
  
    Additional paid-in capital 
     —  
     24,156 
  
    Accumulated deficit 
     (10,265,280) 
     (85,796)
  
    Total Shareholders’ Deficit 
     (10,264,362) 
     (60,796)
  
    TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 
    $256,730,373  
    $326,027 

  (1) On October 10, 2024, in connection with a recapitalization, the Company issued the Sponsor an additional 1,916,667 Class B ordinary shares for no additional consideration, following which the Sponsor holds 7,666,667 Class B ordinary 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. All share amounts have been retroactively restated to reflect these adjustments. 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

1

INFLECTION POINT ACQUISITION CORP. III

CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)

    Three Months Ended June 30, 2025

    Three Months Ended June 30, 2024

    Six Months Ended June 30, 2025

    For the Period from January 31, 2024 
(inception) through June 30, 2024

    Formation and operating costs
     
    $
    467,291

    $
    —

    $
    547,625

    $
    5,