Inflection Point III moves to end SEC registration

Rhea-AI Filing Summary

Inflection Point Acquisition Corp. III (IPCX) has filed a Form 15 to terminate the registration of its publicly registered securities under Section 12(g) of the Securities Exchange Act of 1934 and to suspend its duty to file reports under Sections 13 and 15(d). The filing covers the company’s units (each consisting of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share), its standalone Class A ordinary shares with a par value of $0.0001 per share, and its rights entitling the holder to receive one-tenth of a Class A ordinary share. The certification is signed on behalf of the company by Chief Financial Officer David Tuerff.

Key Figures

Class A ordinary share par value: $0.0001 per share Right conversion ratio: One-tenth (1/10) of one Class A ordinary share per right Unit composition: 1 Class A ordinary share plus 1 right

3 metrics

Class A ordinary share par value $0.0001 per share Par value of Class A ordinary shares covered by the Form 15

Right conversion ratio One-tenth (1/10) of one Class A ordinary share per right Each right entitles the holder to receive one-tenth of a Class A ordinary share

Unit composition 1 Class A ordinary share plus 1 right Each unit consists of one Class A ordinary share and one right

Key Terms

Form 15, Section 12(g), Section 15(d), Class A ordinary share, +1 more

5 terms

Form 15 regulatory

"FORM 15 CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION"

A Form 15 is a short filing a public company uses with the U.S. Securities and Exchange Commission to stop or pause its routine public reporting requirements when it meets certain legal thresholds (such as a low number of public shareholders) or other qualifying conditions. Investors should care because filing one typically means less public financial information and lower trading liquidity—similar to a shop taking down its public notice board, making it harder to track performance and buy or sell shares.

Section 12(g) regulatory

"TERMINATION OF REGISTRATION UNDER SECTION 12(g) THE SECURITIES"

Section 12(g) is a rule that requires companies to register with the government and share their financial details when they have a certain number of shareholders or assets. It matters because it makes these companies more transparent, helping investors make informed decisions and keeping the markets fair.

Section 15(d) regulatory

"SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d)"

Section 15(d) is a U.S. securities law rule that can require a company to keep filing regular public financial reports with regulators after it sells stock in certain offerings, even if it otherwise would stop reporting. Think of it like a store that must continue posting its receipts so buyers can check its health; for investors, it preserves ongoing disclosure and helps them track a company’s finances and risks that might affect the stock.

Class A ordinary share financial

"Class A ordinary shares, par value $0.0001 per share"

A Class A ordinary share is a type of common stock a company issues that carries a specific set of rights—most often particular voting power, dividend terms, or transfer rules—distinct from other share classes. For investors it matters because those rights affect control over company decisions, how income is paid out, and how easy shares are to buy or sell; think of it like a tiered ticket that gives different access and influence at the same event.

rights financial

"Rights, each entitling the holder to receive one tenth (1/10)"

Rights are special privileges that give existing shareholders the opportunity to buy additional shares of a company's stock before they are offered to the public. They help investors maintain their ownership percentage and can be seen as a way to protect their investment stake. Think of rights like a VIP pass allowing current investors to purchase new shares first, ensuring they can preserve their influence in the company.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What action is Inflection Point Acquisition Corp. III (IPCX) taking in this Form 15-12G?

Inflection Point Acquisition Corp. III filed Form 15 to terminate the registration of certain securities under Section 12(g) and suspend its reporting obligations under Sections 13 and 15(d) of the Exchange Act.

Which IPCX securities are covered by this Form 15 filing?

The filing covers units (each one Class A ordinary share plus a right to one-tenth of a Class A share), standalone Class A ordinary shares with $0.0001 par value, and rights to receive one-tenth of a Class A ordinary share.

Does Inflection Point Acquisition Corp. III (IPCX) have other classes still subject to reporting duties?

The filing lists “None” under titles of all other classes of securities for which a duty to file reports under Section 13(a) or 15(d) remains, indicating no other such classes.

Who signed the Form 15 for Inflection Point Acquisition Corp. III (IPCX)?

The Form 15 was signed on behalf of Inflection Point Acquisition Corp. III by David Tuerff, who is identified as the company’s Chief Financial Officer.

What is the par value of IPCX Class A ordinary shares mentioned in the Form 15?

The Class A ordinary shares referenced in the filing have a stated par value of $0.0001 per share.

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

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Available on EDGAR 08/26/2026 - 04:02 PM Accepted by SEC EDGAR 08/26/2026 - 04:01 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF
THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number: 001-42614

Inflection Point Acquisition Corp. III

(Exact name of registrant as specified in its charter)

167 Madison Avenue Suite 205 #1017

New York, New York 10016

(212) 295-5830

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Units, each consisting of one Class A ordinary share, $0.0001 par value, and one right to receive one-tenth (1/10) of one Class A ordinary share

Class A ordinary shares, par value $0.0001 per share

Rights, each entitling the holder to receive one tenth (1/10) of one Class A ordinary share 

(Title of each class of securities covered by this Form)

None

(Titles of all other classes of securities for which a duty to file reports under section 13(a) or 15(d) remains)

Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to terminate or suspend the duty to file reports:

	Rule 12g-4(a)(1)	☒
	Rule 12g-4(a)(2)	☐
	Rule 12h-3(b)(1)(i)	☒
	Rule 12h-3(b)(1)(ii)	☐
	Rule 15d-6	☐
	Rule 15d-22(b)	☐

Approximate number of holders of record as of the certification or notice date: 1*

* Effective as of August 14, 2026, Inflection Point Acquisition Corp. III, a Cayman Islands exempted company (“Inflection Point”), consummated the previously announced business combination (the “Business Combination”) with Air Water Ventures Holdings Limited, a Cayman Islands exempted company (“Air Water”), Air Water Ventures Holdings Limited, a Cayman Islands exempted company (“PubCo”), and IPCX Merger Sub Limited, a Cayman Islands exempted company (“Merger Sub”). As part of the Business Combination transactions: (a) Inflection Point was merged with and into PubCo, as a result of which the separate corporate existence of Inflection Point ceased and PubCo continued as the surviving company (the “First Merger”), and (b) one business day after the First Merger, Air Water was merged with and into Merger Sub, as a result of which the separate corporate existence of the Air Water ceased and Merger Sub continued as the surviving company and a wholly owned direct subsidiary of PubCo. This Form 15 relates solely to the reporting obligations of Inflection Point under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and does not affect the reporting obligations of PubCo under the Exchange Act.

Pursuant to the requirements of the Securities Exchange Act of 1934 Inflection Point Acquisition Corp. III has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.

	Inflection Point Acquisition Corp. III
Date: August 26, 2026	By:	/s/ David Tuerff
	Name:	David Tuerff
	Title:	Chief Financial Officer