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FORM10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30,2025 or Commission File Number:001-42392 Inflection Point Acquisition Corp. IV(Exact name of registrant as specified in its charter) (Registrant’s telephone number) Not Applicable(Former name or former address, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smallerreporting company”, and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ As of November 12, 2025, there were25,425,000Class A ordinary shares, par value $0.0001 per share and8,333,333Class B ordinaryshares, par value $0.0001 per share, of the registrant issued and outstanding. INFLECTION POINT ACQUISITION CORP. IVFORM 10-Q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2025 TABLE OF CONTENTS PagePart I. FINANCIAL INFORMATION1Item 1. Interim Financial Statements1Condensed Consolidated Balance Sheets as of September 30, 2025 (Unaudited) and December 31, 20241Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2025 andfor the Three Months Ended September 30, 2024 and for the Period from June 24, 2024 (Inception) throughSeptember 30, 2024 (Unaudited)2Condensed Consolidated Statements of Changes in Shareholders’ Deficit for the Three and Nine Months EndedSeptember 30, 2025 and for the Three Months ended September 30, 2024 and for the Period from June 24, 2024(Inception) through September 30, 2024 (Unaudited)3Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2025 and for thePeriod from June 24, 2024 (Inception) through September 30, 2024 (Unaudited)4Notes to Condensed Consolidated Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item 3. Quantitative and Qualitative Disclosures About Market Risk30Item 4. Controls and Procedures30Part II. OTHER INFORMATION31Item 1. Legal Proceedings31Item 1A. Risk Factors31Item 2. Unregistered Sales of Equity Securities and Use of Proceeds31Item 3. Defaults Upon Senior Securities31Item 4. Mine Safety Disclosures31Item 5. Other Information32Item 6. Exhibits32Part III. Signatures33 Unless otherwise stated in this Report (as defined below), or the context otherwise requires, references to: ●“2024 Annual Report” are to our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with theSEC (as defined below) on March 10, 2025;●“Amended and Restated Memorandum” are to our Amended and Restated Memorandum and Articles of Association, asamended and currently in effect;●“ASC” are to the FASB (as defined below) Accounting Standards Codification;●“ASU” are to the FASB Accounting Standards Update;●“Board of Directors” or “Board” are to our board of directors;●“Business Combination” are to a merger, capital share exchange, asset acquisition, share purchase, reorganization or similarbusiness combination with one or more businesses;●“Class A Ordinary Shares” are to our Class A ordinary shares, par value $0.0001 per share;●“Class B Ordinary Shares” are to our Class B ordinary shares, par value $0.0001 per share;●“Combination Period” are to the 24-month period, from the closing of the Initial Public Offering to November 4, 2026 (orsuch earlier date as determined by the Board), that we have to consummate an initial Business Combination; provided that theCombination Period may be extended pursuant to an amendment to the Amended and Restated Memorandum and consistentwith applicable laws, regulations and stock exchange rules;●“Co




