Company: IPCX
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076625
Chunk: 11

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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% of the Public Shares if the Company
does not complete a Business Combination within the Completion Window (as defined below) or (ii) with respect to any other material provision
relating to shareholders’ rights or pre-initial business combination activity, unless the Company provides the public shareholders
with the opportunity to redeem their Public Shares in conjunction with any such amendment and (iii) to waive its rights to liquidating
distributions from the Trust Account with respect to the Founder Shares and Private Placement Units if the Company fails to complete
a Business Combination.

The Company will have until the date that is
(i) 24 months from the closing of the Initial Public Offering or such earlier liquidation date as the board of directors may approve
or (ii) such later date approved by the holders of the Company’s ordinary shares pursuant to an amendment to the Company’s
Amended and Restated Memorandum and Articles of Association (such date, the “Completion Window”) to complete a Business Combination.
If the Company is unable to complete a Business Combination within the Completion Window, the Company will as promptly as reasonably
possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in
cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned and not previously released as Permitted
Withdrawals (less taxes paid or payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued
and outstanding Public Shares, which redemption will constitute full and complete payment for the Public Shares and completely extinguish
public shareholders’ rights as shareholders (including the right to receive further liquidation or other distributions, if any),
subject to its obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.

The Sponsor has agreed to waive its liquidation
rights with respect to the Founder Shares and Private Placement Units if the Company fails to complete a Business Combination within
the Completion Window. However, if the Sponsor acquires Public Shares in or after the Initial Public Offering, such Public Shares will
be entitled to liquidating distributions from the Trust Account if the Company fails to complete a Business Combination within the Completion
Window. The underwriters have agreed to waive their rights to their deferred underwriting commission (see Note 6) held in the Trust Account
in the event the Company does not complete a Business Combination within the Completion Window and, in such event, such amounts will
be included with