{"url_path":"/sec/ipcx/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/2012318/0001213900-26-056824-index.html","accession_number":"0001213900-26-056824","cik":"0002012318","ticker":"IPCX","issuer_name":"Inflection Point Acquisition Corp. III","edgar_url":"https://www.sec.gov/Archives/edgar/data/2012318/0001213900-26-056824-index.html","primary_entity_key":"0002012318","primary_entity_name":"Inflection Point Acquisition Corp. III"},"word_count":301,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities\nand Use of Proceeds.\n\n \n\nOn April 28, 2025, we consummated the Initial\nPublic Offering of 25,300,000 Public Units at $10.00 per Public Units generating gross proceeds of $253,000,000. Cantor acted as sole\nbook-running manager of the Initial Public Offering. The securities in the offering were registered under the Securities Act on registration\nstatement on Form S-1 (No. 333-283427). The Securities and Exchange Commission declared the registration statements effective on April\n24, 2025. Each Public Unit consists of one Public Share and one Public Right to receive one-tenth of one Class A ordinary share upon\nconsummation of our initial Business Combination.\n\n \n\nSimultaneously with the closing of the Initial\nPublic Offering, we consummated the sale of an aggregate of 740,000 Private Placement Units at a price of $10.00 per Private Placement\nUnit in a private placement to the Sponsor and Cantor, generating gross proceeds of $7,400,000. Each Private Placement Unit consists\nof one Private Placement Share and one Private Placement Right to receive one-tenth of one Class A ordinary share upon consummation of\nour initial Business Combination. The issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of the\nSecurities Act.\n\n \n\nTransaction costs amounted to $17,305,941, consisting\nof $4,400,000 of cash underwriting fee, $12,045,000 of deferred underwriting fee, and $860,941 of other offering costs.\n\n \n\nAfter deducting the underwriting fees (excluding\nthe deferred portion of $12,045,000, which amount will be payable upon consummation of our initial Business Combination, if consummated)\nand the offering expenses, the total net proceeds from the Initial Public Offering and the private placement was $255,139,059, of which\n$253,000,000 was placed in the Trust Account.\n\n \n\nFor a description of the use of the proceeds\ngenerated in our Initial Public Offering, see Part I, Item 2 of this Form 10-Q.\n\n \n\n32"}