Company: IPCX
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001213900-25-052614
Chunk: 29

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 expenses.

For the three months ended March 31, 2025, we
had a net loss of $80,334, which consisted of general and administrative costs.

For the period from January 31, 2024 (Inception)
through March 31, 2024, we had a net loss of $5,975, which consisted of general and administrative costs.  

Liquidity and Capital Resources

Until the consummation of the Initial Public Offering,
our only source of liquidity was an initial purchase of shares of Class B ordinary shares, par value $0.0001 per share, by the Sponsor
and loans from an affiliate of the Sponsor, Inflection Point Fund I, LP.

Subsequent to the end of the quarterly period
covered by this Quarterly Report, on April 28, 2025, we consummated the Initial Public Offering of 25,300,000 units at $10.00 per Units
generating gross proceeds of $253,000,000. Simultaneously with the closing of the Initial Public Offering, we consummated the sale of
an aggregate of 740,000 Private Placement Units at a price of $10.00 per unit in a private placement to the Sponsor and Cantor Fitzgerald
& Co., generating gross proceeds of $7,400,000.

16

Following the Initial Public Offering, the full
exercise of the over-allotment option, and the sale of the Private Units, a total of $253,000,000 was placed in the Trust Account. We
incurred $17,305,941, consisting of $4,400,000 of cash underwriting fee, $12,045,000 of deferred underwriting fee, and $860,941 of other
offering costs.

For the three months ended March 31, 2025, cash
used by operating activities was $0. Net loss of $80,334 was affected by changes in operating assets and liabilities provided $75,334
of cash for operating activities and payment of operating costs via promissory note – related party of $5,000.

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,