Inflection Point Acquisition Corp III Unit(IPCXU) - 2025 Q2 - Quarterly Report

Financial Performance - For the three months ended June 30, 2025, the company reported a net loss of $1,217,383, consisting of operating costs of $467,291 and compensation expense of $2,581,854, offset by interest income of $1,831,762 [119]. - Cash used in operating activities for the six months ended June 30, 2025, was $727,928, with a net loss of $1,297,717 affected by interest earned on marketable securities of $957,808 [124]. - The company does not expect to generate operating revenues until after the completion of the Business Combination [118]. Initial Public Offering - The company generated gross proceeds of $253,000,000 from the Initial Public Offering of 25,300,000 Public Units at $10.00 per unit on April 28, 2025 [121]. - 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 [123]. Assets and Cash Management - As of June 30, 2025, the company had marketable securities held in the Trust Account amounting to $253,957,808, which will be used to complete the Business Combination [125]. - As of June 30, 2025, the company had cash of $1,509,466, intended for identifying and evaluating target businesses and performing due diligence [126]. - The company plans to use substantially all funds in the Trust Account for the Business Combination, with remaining proceeds for working capital and growth strategies [125]. - The company has no long-term debt or off-balance sheet arrangements as of June 30, 2025 [129]. Contractual Obligations - The company has a contractual obligation to pay $29,166.66 per month for services provided by an affiliate of the Sponsor until the completion of the Business Combination [130].