Inflection Point Acquisition Corp III-A 2025年季度报告

FORM10-Q (MARK ONE)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter endedSeptember 30,2025 Commission file number:001-42614 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 whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct 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 definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany”, and “emerging growth company” in Rule12b-2 of the Exchange Act. 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 ofNovember 13,2025, there were26,040,000Class A ordinary shares, $0.0001 par value per share and8,433,333Class B ordinaryshares, $0.0001 par value per share, issued and outstanding. INFLECTION POINT ACQUISITION CORP. III FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2025 TABLE OF CONTENTS PagePart I. Financial Information1Item 1. 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 January 31, 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 January 31,2024 (Inception) through September 30, 2024 (Unaudited)3Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2025 and for thePeriod from January 31, 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 Operations29Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk38Item 4. Controls and Procedures38Part II. Other Information39Item 1. Legal Proceedings39Item 1A. Risk Factors39Item 2. Unregistered Sales of Equity Securities and Use of Proceeds39Item 3. Defaults Upon Senior Securities40Item 4. Mine Safety Disclosures40Item 5. Other Information40Item 6. Exhibits40Part III. Signatures41 PART I - FINANCIAL INFORMATION INFLECTION POINT ACQUISITION CORP. IIICONDENSED CONSOLIDATED BALANCE SHEETS (1)On October 10, 2024, in connection with a recapitalization, the Company issued the Sponsor an additional 1,916,667 Class Bordinary shares for no additional consideration, following which the Sponsor holds 7,666,667 Class B ordinary shares. OnNovember 18, 2024, the Company effected a share capitalization of 766,667 Class B ordinary shares, as a result of which theSponsor owns 8,433,333 founder shares for which it paid approximately $0.003 per share. All share amounts have beenretroactively restated to reflect these adjustments. The accompanying notes are an integral part of the unaudited consolidated financial statements. INFLECTION POINT ACQUISITION CORP. IIICONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED) (1)On October10, 2024, in connection with a recapitalization, the Company issued the Sponsor an additional 1,916,667 ClassBordinary shares for no additional consideration, following which the Sponsor holds 7,666,667 ClassB ordinary shares. OnNovember18, 2024, the Company effected a share capitalization of 766,667 ClassB ordinary shares, as a result of which theSponsor owns 8,433,333 founder shares for which it paid approximately $0.003 per share. All share amounts have beenretroactively restated to reflect these adjustments. The accompanying notes are an integral part of the unaudited condensed consolidated financial statements. INFLECTION POINT ACQUISITION CORP. IIICONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT(UNAUDITE