Inflection Point Acquisition Corp III-A(IPCX) - 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 impacted 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, having engaged only in organizational activities to date [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 Securities - 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]. Financing and Debt - The company may need additional financing to complete the Business Combination or to cover redemptions of Public Shares, which could involve issuing additional securities or incurring debt [128]. - The company has no long-term debt or off-balance sheet arrangements as of June 30, 2025, and has a monthly fee obligation of $29,166.66 to an affiliate for management services [129][130]. Accounting Policies - The company has identified critical accounting policies that may affect reported amounts and has not entered into any off-balance sheet financing arrangements [132][129].