Welcome to our dedicated page for Inflection Point Acquisition III SEC filings (Ticker: IPCX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Inflection Point Acquisition Corp. III filings document the regulatory record of a Cayman Islands SPAC and its Nasdaq-listed securities. Form 8-K reports cover material events, written communications under Rule 425, governance changes such as board and audit committee appointments, and disclosures about registered units, Class A ordinary shares and rights to receive one-tenth of one Class A ordinary share.
The filings also identify the company as an emerging growth company and describe capital-structure and security-term matters relevant to its blank-check issuer status, including unit composition and ordinary-share terms.
Inflection Point Holdings III LLC, managed by Inflection Point Asset Management LLC and associated with Michael Blitzer, reported the conversion of SPAC founder securities in connection with the Closing of the Business Combination between Inflection Point Acquisition Corp. III and Air Water Ventures Holdings Limited. On 2026-08-12, 8,433,333 Class B ordinary shares automatically converted into 8,433,333 Class A ordinary shares, and 500,000 rights, each for one-tenth of a share, converted into 50,000 Class A ordinary shares. The derivative positions (Class B shares and rights) were reduced to zero as they became Class A ordinary shares, with Inflection Point Asset Management LLC and Michael Blitzer disclaiming beneficial ownership beyond any pecuniary interest in the securities held of record by Inflection Point Holdings III LLC.
Inflection Point Acquisition Corp. III is being removed from listing and registration on the Nasdaq Stock Market LLC. Nasdaq filed a Form 25 to strike the company’s Class A ordinary shares, rights and units from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. Nasdaq certifies it has complied with its own rules for removal, and the company is stated to have complied with the exchange’s rules and the requirements of 17 CFR 240.12d2-2(c) governing the voluntary withdrawal of a class of securities from listing and registration.
Inflection Point Acquisition Corp. III is a Cayman Islands SPAC that had $265.1 million in total assets as of June 30, 2026, including $263.4 million of cash and marketable securities in its Trust Account. Cash outside the trust was $761,627, and shareholders’ deficit was $14.5 million, reflecting accretion of Class A shares to redemption value.
For the six months ended June 30, 2026, the company reported net income of $3.54 million, driven by $4.64 million of dividend income on trust investments, partially offset by $1.10 million of formation and operating costs. The SPAC has entered into a Business Combination Agreement with Air Water and arranged multiple PIPE financings at Air Water level, including tranches of $28.5 million and $31.0 million of preferred shares and warrants. Shareholders approved the Air Water transaction on July 29, 2026, with redemption requests for 24,548,661 Class A shares.
Management discloses substantial doubt about the company’s ability to continue as a going concern because of limited liquidity outside the Trust Account and the requirement to complete a business combination by April 28, 2027 (the “Completion Window”) or liquidate. Significant deferred underwriting fees of $12.0 million and deferred legal fees of $3.25 million are payable only if a business combination closes.
Hudson Bay Capital Management LP and Sander Gerber reported beneficial ownership of 1,500,000 Class A Ordinary Shares of Inflection Point Acquisition Corp. III, equal to 5.76% of the class. This percentage is based on 26,040,000 Class A Ordinary Shares outstanding as of May 14, 2026, as reported by the company.
The reporting persons have shared voting and shared dispositive power over 1,500,000 shares, with no sole voting or dispositive power. The shares are held in the name of HB Strategies LLC, for which Hudson Bay Capital Management LP acts as investment manager. Mr. Gerber, as managing member of the general partner of the Investment Manager, disclaims beneficial ownership of these securities.
W. R. Berkley Corporation, through its subsidiary Berkley Insurance Company, reports beneficial ownership of Class A ordinary shares of Inflection Point Acquisition Corp. III. As of June 30, 2026, the group beneficially owned 2,211,677 Class A ordinary shares, representing 8.5% of that class.
The filing states no sole voting or dispositive power over these shares, and shared voting and shared dispositive power over 2,211,677 shares. The ownership is reported on an amended Schedule 13G, indicating a significant but non-controlling stake.
Inflection Point Acquisition Corp. III held an extraordinary general meeting on July 29, 2026 to vote on proposals related to its previously announced Business Combination Agreement with Air Water Ventures Holdings Limited and Air Water Ventures Limited (PubCo). A total of 26,942,123 ordinary shares, representing 78.15% of issued and outstanding shares as of June 24, 2026, were present in person or by proxy, constituting a quorum. The quorum consisted of 18,508,790 Class A shares and 8,433,333 Class B shares. Key proposals each received 26,212,774 votes for, 729,348 against, and 1 abstention, while another proposal received 24,912,774 for, 1,779,348 against, and 250,001 abstentions, and one proposal received 26,929,119 for and 13,003 against. As there were sufficient votes to adopt the proposals, an adjournment proposal was not put to a vote.
Inflection Point Acquisition Corp. III reported the results of its extraordinary general meeting held on July 29, 2026, regarding proposals tied to its previously announced business combination with Air Water Ventures Holdings Limited and Air Water Ventures Limited (PubCo).
Shareholder turnout was high, with 26,942,123 ordinary shares, or 78.15% of issued and outstanding shares as of June 24, 2026, represented in person or by proxy, including 18,508,790 Class A and 8,433,333 Class B shares. Across multiple proposals described in the definitive proxy statement/prospectus, votes in favor substantially exceeded votes against, with one representative proposal receiving 26,212,774 votes for, 729,348 against and 1 abstention. As there were sufficient votes to adopt the proposals, an adjournment proposal was not put to a vote. The company also notes that a registration statement on Form F-4, including the proxy statement/prospectus for this transaction, has been declared effective by the SEC and remains the primary source for detailed information on the business combination.
Inflection Point Acquisition Corp. III reported that it entered into an agreement with a service provider under which a portion of the provider’s cash fee will equal the product of 125,000 and the redemption price of Inflection Point’s Class A ordinary shares in connection with its proposed business combination with Air Water Ventures Holdings Limited and Air Water Ventures Limited. This fee component is conditioned on the provider proving, within five business days after closing, that it held 125,000 Class A shares immediately prior to closing that were not redeemed.
As of this communication, the service provider had not purchased any Class A shares, and any future purchases to meet the condition would be made at prices not exceeding the redemption price. As of the close of business on July 27, 2026, Inflection Point had received redemption requests from holders of 24,673,661 Class A ordinary shares. The communication also reminds shareholders that detailed information about the business combination is available in a Form F-4 registration statement and related proxy statement/prospectus filed with the SEC.
Inflection Point Acquisition Corp. III reported entering an agreement with a service provider in which a portion of the cash fee will equal the product of 125,000 and the redemption price of its Class A ordinary shares in connection with its Business Combination with Air Water Ventures Holdings Limited and Air Water Ventures Limited. This fee component is conditioned on the service provider, within five business days after closing, evidencing ownership of 125,000 Class A ordinary shares immediately prior to closing that are not redeemed. At the time of the report, the service provider had not purchased any Class A ordinary shares; any future purchases to satisfy this condition would occur at prices not exceeding the redemption price.
As of the close of business on July 27, 2026, Inflection Point had received redemption requests from holders of 24,673,661 Class A ordinary shares. The company also highlights that a registration statement on Form F-4 for the Business Combination was declared effective on July 8, 2026, with a proxy statement/prospectus mailed to shareholders of record as of June 24, 2026 beginning July 9, 2026, and reiterates extensive forward-looking statement and risk disclosures related to completing the Business Combination and PubCo’s future listing and operations.
Inflection Point Acquisition Corp. III is asking shareholders to approve a business combination to merge with Air Water Ventures Limited through a two-step merger, creating PubCo as the surviving public company. The amended Purchase Price is $200,000,000 and PIPE investors have committed $96.0 million in aggregate proceeds.
The deal contemplates issuance of up to 232,506,441 PubCo Ordinary Shares (including up to 20,000,000 Earnout Shares), conversion mechanics tied to an Exchange Ratio, and multiple closing conditions, including Nasdaq conditional listing and customary regulatory and shareholder approvals.