Company: IPCX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111009
Chunk: 109

Company: Inflection Point Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 109
---
 assessing financial performance. Accordingly, management has determined that there is only one reportable
segment.

The CODM assesses performance for the single
segment and decides how to allocate resources based on net loss that also is reported on the statement of operations as net loss. The
measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making
key decisions regarding resource allocation, the CODM reviews several key metrics included in net income or loss and total assets, which
include the following: 

    September 30, 

    2025 
  
    Cash and marketable securities held in Trust Account 
    $256,650,172 
  
    Cash 
    $1,270,446 

    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 
  
    Formation and operating costs 
    $2,773,017  
    $16,708  
    $3,320,642  
    $22,683 
  
    Dividend income earned on marketable securities held in Trust Account 
    $2,682,196  
    $—  
    $4,513,958  
    $— 

The key measures of segment profit or loss reviewed
by the CODM are general and administrative costs. General and administrative costs are reviewed and monitored by the CODM to manage and
forecast cash to ensure enough capital is available to complete the Initial Public Offering and eventually a Business Combination within
the Completion Window. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual agreements
to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on the unaudited condensed
consolidated statement of operations, are the significant segment expenses provided to the CODM on a regular basis.

All other segment items included in net loss are reported on the statement
of operations and described within their respective disclosures.

NOTE 10. SUBSEQUENT EVENTS 

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date up to the date that the condensed consolidated financial statements were issued. Based upon
this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in