Inflection Point Acquisition Corp III-A(US:IPCX)2025-06-09 20:05Financial 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 for the three months ended March 31, 2025, was $0, with a net loss of $80,334 offset by changes in operating assets and liabilities providing $75,334 [110]. Revenue Generation - As of March 31, 2025, the company had not generated any revenues and only engaged in organizational activities and identifying a target company for a Business Combination [104]. Initial Public Offering (IPO) - The company completed its Initial Public Offering on April 28, 2025, raising gross proceeds of $253,000,000 from the sale of 25,300,000 units at $10.00 per unit [107]. - Following the IPO, a total of $253,000,000 was placed in the Trust Account, with total offering costs amounting to $17,305,941 [109]. Trust Account and Fund Allocation - The company intends to use substantially all funds in the Trust Account to complete its Business Combination, with remaining proceeds allocated for working capital [111]. - The company does not anticipate needing to raise additional funds for operating expenditures prior to the Business Combination, but may require additional financing for completion [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].