Hudson Bay Capital (IPCX) discloses 5.76% holding in Inflection Point Acquisition Corp. III

Rhea-AI Filing Summary

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.

Key Figures

Shares beneficially owned: 1,500,000 Class A Ordinary Shares Ownership percentage: 5.76% Shares outstanding: 26,040,000 Class A Ordinary Shares +4 more

7 metrics

Shares beneficially owned 1,500,000 Class A Ordinary Shares Beneficially owned by the reporting persons

Ownership percentage 5.76% Percentage of Inflection Point Acquisition Corp. III Class A Ordinary Shares

Shares outstanding 26,040,000 Class A Ordinary Shares Outstanding as of May 14, 2026, per the issuer’s Form 10-Q

Sole voting power 0 shares Sole power to vote or direct the vote

Shared voting power 1,500,000 shares Shared power to vote or direct the vote

Sole dispositive power 0 shares Sole power to dispose or direct disposition

Shared dispositive power 1,500,000 shares Shared power to dispose or direct disposition

Key Terms

beneficial owner, shared voting power, dispositive power, Investment Manager, +1 more

5 terms

beneficial owner financial

"The Investment Manager may be deemed to be the beneficial owner of all Class A Ordinary Shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

shared voting power financial

"Shared Voting Power 1,500,000.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

dispositive power financial

"Shared Dispositive Power 1,500,000.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Investment Manager financial

"The Investment Manager serves as the investment manager to HB Strategies LLC"

Schedule 13G regulatory

"This statement is filed by Hudson Bay Capital Management LP on Schedule 13G/A"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/07/2026 - 02:12 PM Accepted by SEC EDGAR 08/07/2026 - 02:12 PM Learn about SEC filing dates

FAQ

What stake in Inflection Point Acquisition Corp. III (IPCX) does Hudson Bay Capital report?

Hudson Bay Capital Management LP reports beneficial ownership of 1,500,000 Class A Ordinary Shares of Inflection Point Acquisition Corp. III, representing 5.76% of the outstanding Class A Ordinary Shares based on 26,040,000 shares outstanding as of May 14, 2026.

How is the 5.76% ownership in IPCX calculated for Hudson Bay Capital?

The 5.76% ownership is calculated from 1,500,000 Class A Ordinary Shares held versus an aggregate of 26,040,000 Class A Ordinary Shares outstanding as of May 14, 2026, as reported in Inflection Point Acquisition Corp. III’s Form 10-Q.

Who actually holds the IPCX shares reported by Hudson Bay Capital?

The 1,500,000 Class A Ordinary Shares of Inflection Point Acquisition Corp. III are held in the name of HB Strategies LLC. Hudson Bay Capital Management LP serves as investment manager to HB Strategies LLC and may be deemed the beneficial owner of those shares.

What voting and dispositive powers do the reporting persons have over IPCX shares?

The reporting persons have 0 shares with sole voting or dispositive power and 1,500,000 shares with shared voting and shared dispositive power. This means decisions over these shares are made jointly rather than individually by any single reporting person.

Does Sander Gerber personally claim beneficial ownership of IPCX shares?

No. Although Sander Gerber is the managing member of Hudson Bay Capital GP LLC, the general partner of the Investment Manager, he disclaims beneficial ownership of the Class A Ordinary Shares reported, despite being a reporting person on the Schedule 13G/A.

Why is the Schedule 13G/A for IPCX significant for investors?

The Schedule 13G/A shows that an institutional investor group beneficially owns 5.76% of Inflection Point Acquisition Corp. III’s Class A Ordinary Shares. This level of ownership can signal a meaningful institutional position and concentration of voting and dispositive power in one group.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Inflection Point Acquisition Corp. III

(Name of Issuer)

Class A Ordinary Shares, $0.0001 par value

(Title of Class of Securities)

G47875102

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G47875102

1

Names of Reporting Persons

Hudson Bay Capital Management LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,500,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,500,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,500,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.76 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP Number(s): G47875102

1

Names of Reporting Persons

Sander Gerber

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,500,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,500,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,500,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.76 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Inflection Point Acquisition Corp. III
(b)	Address of issuer's principal executive offices: 167 Madison Avenue Suite 205 #1017, New York, NY 10016
Item 2.
(a)	Name of person filing: This statement is filed by Hudson Bay Capital Management LP (the "Investment Manager") and Mr. Sander Gerber ("Mr. Gerber"), who are collectively referred to herein as "Reporting Persons."
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is 290 Harbor Dr., Stamford, CT 06902.
(c)	Citizenship: The Investment Manager is a Delaware limited partnership. Mr. Gerber is a United States citizen.
(d)	Title of class of securities: Class A Ordinary Shares, $0.0001 par value
(e)	CUSIP No.: G47875102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 26,040,000 Class A Ordinary Shares, $0.0001 par value (the "Class A Ordinary Shares") of Inflection Point Acquisition Corp. III (the "Company") outstanding as of May 14, 2026, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 filed with the Securities and Exchange Commission on May 14, 2026. The Investment Manager serves as the investment manager to HB Strategies LLC, in whose name the securities reported herein are held. As such, the Investment Manager may be deemed to be the beneficial owner of all Class A Ordinary Shares held by HB Strategies LLC. Mr. Gerber serves as the managing member of Hudson Bay Capital GP LLC, which is the general partner of the Investment Manager. Mr. Gerber disclaims beneficial ownership of these securities.
(b)	Percent of class: 5.76%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 4(a).
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Hudson Bay Capital Management LP

Signature:	/s/ Sander Gerber
Name/Title:	Sander Gerber, Authorized Signatory
Date:	08/07/2026

Sander Gerber

Signature:	/s/ Sander Gerber
Name/Title:	Sander Gerber, Individually
Date:	08/07/2026