FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 001-42518 Cayman IslandsN/A(State or other jurisdiction of(IRS Employer 167 Madison Ave, Suite 205 #1017, New York, NY10016(Address of principal executive offices)(Zip code) (212) 476-6908(Issuer’s telephone number including area code) 418 Broadway, #6441, Albany, NY 12207(Former name, former address and former fiscal year, 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 during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smallerreporting company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act: Large accelerated filerNon-accelerated filer Accelerated filerSmaller reporting companyEmerging growth company 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 August 14, 2026, the registrant had 3,443,765 Class A ordinary shares, par value $0.0001 per share, and 990,000 Class Bordinary shares, par value $0.0001 per share, issued and outstanding. INDEXPart I - Financial Information1Item 1 – Financial Statements1Condensed Consolidated Balance Sheets as of June 30, 2026 (Unaudited) and December 31, 20251Unaudited Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2026 and2025 (Unaudited)2Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Deficit for the Three and Six MonthsEnded June 30, 2026 and 2025 (Unaudited)3Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 2025(Unaudited)4Notes to Unaudited Condensed Consolidated Financial Statements (Unaudited)5Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations18Item 3 – Quantitative and Qualitative Disclosures About Market Risk22Item 4 – Controls and Procedures22Part II - Other Information23Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds23Item 5 – Other Information24Item 6 – Exhibits25Signatures26i INFLECTION POINT ACQUISITION CORP. V(F/K/A MAYWOOD ACQUISITION CORP.)CONDENSED CONSOLIDATED BALANCE SHEETS INFLECTION POINT ACQUISITION CORP. V(F/K/A MAYWOOD ACQUISITION CORP.)UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS INFLECTION POINT ACQUISITION CORP. V(F/K/A MAYWOOD ACQUISITION CORP.)UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 (UNAUDITED) INFLECTION POINT ACQUISITION CORP. V(F/K/A MAYWOOD ACQUISITION CORP.)UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) INFLECTION POINT ACQUISITION CORP. V(F/K/A MAYWOOD ACQUISITION CORP.)NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTSJUNE 30, 2026(UNAUDITED) NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Inflection Point Acquisition Corp. V (f/k/a Maywood Acquisition Corp., the “Company”) is a blank check company incorporated as aCayman Islands exempted company on May 31, 2024. The Company was formed for the purpose of effecting a merger, amalgamation,share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses orentities (a “business combination”). The registration statement for the Company’s initial public offering (“IPO”) became effective on February 12, 2025. On February 14,2025, the Company consummated its initial public offering of 7,500,000 units (“Units”), generating gross proceeds of $75,000,000,which is described in Note 3. Each Unit consists of one Class A ordinary share (the “Public Shares”, and the holders of Public Shares,the “Public Sharehold