Inflection Point Acquisition Corp III Unit(IPCXU) - 2025 Q1 - Quarterly Report

Financial Performance - The company reported a net loss of $80,334 for the three months ended March 31, 2025, primarily due to general and administrative costs[105]. - Cash used by operating activities was $0 for the three months ended March 31, 2025, with a net loss of $80,334 offset by changes in operating assets and liabilities[110]. Initial Public Offering (IPO) - The company generated gross proceeds of $253,000,000 from the Initial Public Offering of 25,300,000 units at $10.00 per unit[107]. - A total of $253,000,000 was placed in the Trust Account following the Initial Public Offering and the sale of Private Placement Units[109]. - The company incurred $17,305,941 in costs related to the Initial Public Offering, including $4,400,000 in cash underwriting fees and $12,045,000 in deferred underwriting fees[109]. Trust Account and Business Combination - The company intends to use substantially all funds in the Trust Account to complete its Business Combination[111]. - The company does not anticipate needing to raise additional funds for operating expenditures prior to the Business Combination[114]. Debt and Obligations - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2025[115]. - The company has a contractual obligation to pay $29,166.66 per month to an affiliate for administrative services[116]. - The underwriters are entitled to a deferred fee of $12,045,000, contingent upon the completion of a Business Combination[117].