[SCHEDULE 13G/A] Inflection Point Acquisition Corp. III Units SEC Filing
Tenor-affiliated investors disclose shared ownership of 1,250,000 Class A ordinary shares of Inflection Point Acquisition Corp. III, representing 4.8% of the outstanding Class A shares per the issuer's 10-Q. The shares are held by Tenor Opportunity Master Fund, Ltd., with Tenor Capital Management Company, L.P. serving as the Master Fund's investment manager and Robin Shah identified as the related managing member. The filing reports no sole voting or dispositive power; all 1,250,000 shares are reported as shared voting and shared dispositive power.
The filing includes a certification that the securities were not acquired to change or influence control of the issuer. The report clarifies ownership and manager relationships but discloses a stake below common 5% materiality thresholds.
Gli investitori affiliati a Tenor comunicano la proprietà condivisa di 1,250,000 azioni ordinarie di Classe A di Inflection Point Acquisition Corp. III, pari al 4.8% delle azioni Class A in circolazione secondo il 10-Q dell'emittente. Le azioni sono detenute da Tenor Opportunity Master Fund, Ltd., con Tenor Capital Management Company, L.P. che svolge il ruolo di investment manager del Master Fund e Robin Shah identificato come membro dirigente correlato. La comunicazione segnala assenza di potere di voto o di disposizione in via esclusiva; tutte le 1,250,000 azioni risultano indicate come soggette a poteri di voto e di disposizione condivisi.
La segnalazione include una certificazione che i titoli non sono stati acquisiti per modificare o influenzare il controllo dell'emittente. Il rapporto chiarisce le relazioni di proprietà e di gestione, pur rivelando una partecipazione inferiore alla comune soglia di materialità del 5%.
Los inversores afiliados a Tenor notifican la propiedad conjunta de 1,250,000 acciones ordinarias Clase A de Inflection Point Acquisition Corp. III, equivalentes al 4.8% de las acciones Clase A en circulación según el 10-Q del emisor. Las acciones están en poder de Tenor Opportunity Master Fund, Ltd., siendo Tenor Capital Management Company, L.P. el gestor de inversiones del Master Fund y Robin Shah identificado como el miembro gerente relacionado. La presentación declara ausencia de poder de voto o de disposición en forma exclusiva; las 1,250,000 acciones constan como con poder de voto y de disposición compartidos.
La presentación incluye una certificación de que los valores no fueron adquiridos para cambiar o influir en el control del emisor. El informe aclara la titularidad y las relaciones de gestión, pero revela una participación por debajo del umbral de materialidad común del 5%.
Tenor 계열 투자자들이 Inflection Point Acquisition Corp. III의 보통주 Class A 1,250,000주를 공동 보유하고 있음을 공시했으며, 이는 발행인의 10-Q에 따르면 유통 중인 Class A의 4.8%에 해당합니다. 해당 주식은 Tenor Opportunity Master Fund, Ltd.가 보유하고 있으며 Tenor Capital Management Company, L.P.가 마스터 펀드의 투자 매니저로, Robin Shah가 관련 관리 멤버로 확인되어 있습니다. 신고서에는 단독 의결권 또는 처분권 없음으로 기재되어 있으며, 모든 1,250,000주는 의결권 및 처분권이 공동 보유된 것으로 보고되었습니다.
신고서에는 해당 증권이 발행인의 지배권을 변경하거나 영향력을 행사하기 위해 취득되지 않았다는 확인서가 포함되어 있습니다. 이 보고서는 소유 및 운용자 관계를 명확히 하지만, 통상적인 5% 중요성 기준 미만의 지분을 공개하고 있습니다.
Des investisseurs affiliés à Tenor déclarent la détention conjointe de 1,250,000 actions ordinaires de classe A d'Inflection Point Acquisition Corp. III, soit 4.8% des actions de classe A en circulation selon le 10-Q de l'émetteur. Ces actions sont détenues par Tenor Opportunity Master Fund, Ltd., Tenor Capital Management Company, L.P. agissant comme gestionnaire d'investissement du Master Fund et Robin Shah étant identifié comme le membre dirigeant lié. Le dépôt indique aucun pouvoir de vote ou de disposition exclusif ; l'ensemble des 1,250,000 actions est déclaré comme faisant l'objet d'un pouvoir de vote et d'un pouvoir de disposition partagés.
Le dépôt comprend une certification selon laquelle les titres n'ont pas été acquis afin de changer ou d'influencer le contrôle de l'émetteur. Le rapport clarifie les liens de propriété et de gestion, mais révèle une participation inférieure au seuil de matérialité courant de 5%.
Mit Tenor verbundene Investoren geben den gemeinsamen Besitz von 1,250,000 Class A‑Stammaktien von Inflection Point Acquisition Corp. III an, was laut dem 10-Q des Emittenten 4.8% der ausstehenden Class A‑Aktien entspricht. Die Aktien werden von Tenor Opportunity Master Fund, Ltd. gehalten; Tenor Capital Management Company, L.P. fungiert als Investmentmanager des Master Fund und Robin Shah wird als zugehöriges geschäftsführendes Mitglied angegeben. Die Meldung weist keine alleinige Stimm- oder Verfügungsgewalt aus; alle 1,250,000 Aktien werden als mit Stimm- und Verfügungsgewalt gemeinsam gehalten gemeldet.
Die Meldung enthält eine Bestätigung, dass die Wertpapiere nicht erworben wurden, um die Kontrolle des Emittenten zu ändern oder zu beeinflussen. Der Bericht klärt Eigentums- und Managerbeziehungen, legt jedoch eine Beteiligung unterhalb der üblichen 5%-Materialitätsschwelle offen.
- Transparent disclosure: Reporting Persons clearly identify the beneficial owner, investment manager, and related natural person linked to the 1,250,000 shares.
- Full shared authority disclosed: The filing specifies shared voting and shared dispositive power for all reported shares, improving clarity on decision rights.
- Certification of non-control intent: Reporting Persons certify the securities were not acquired to change or influence control of the issuer.
- Below 5% threshold: The 4.8% position is explicitly under common materiality thresholds and is therefore unlikely to be a material control stake.
- No sole voting/dispositive power: Each Reporting Person reports 0 shares of sole voting or dispositive power, limiting individual control influence.
Insights
TL;DR: A disclosed 1.25M-share, 4.8% position is transparent but below the typical 5% materiality threshold, so market impact is likely limited.
The filing shows Tenor Opportunity Master Fund holds 1,250,000 Class A shares with shared voting and dispositive power, and Tenor Capital acts as investment manager. The structure indicates alignment between the fund, its manager, and Robin Shah, but the stake is explicitly under 5% of the Class A outstanding shares cited in the issuer's 10-Q. Because there is no sole voting or dispositive power and the certification denies control-seeking intent, this disclosure primarily increases transparency rather than signaling a material change in control or strategy.
TL;DR: Ownership disclosure clarifies control relationships but does not convey a governance shift given the sub-5% position and shared powers.
The report identifies the beneficial holder (the Master Fund), the investment manager (Tenor Capital), and the related natural person (Robin Shah), and disclaims sole beneficial ownership. All 1,250,000 shares are reported as held with shared voting and dispositive authority, and the filing includes a certification that the holdings were not acquired to influence control. For board or governance considerations, the disclosed stake is below common triggering thresholds and shows no evidence within the filing of coordination intended to change governance.
Gli investitori affiliati a Tenor comunicano la proprietà condivisa di 1,250,000 azioni ordinarie di Classe A di Inflection Point Acquisition Corp. III, pari al 4.8% delle azioni Class A in circolazione secondo il 10-Q dell'emittente. Le azioni sono detenute da Tenor Opportunity Master Fund, Ltd., con Tenor Capital Management Company, L.P. che svolge il ruolo di investment manager del Master Fund e Robin Shah identificato come membro dirigente correlato. La comunicazione segnala assenza di potere di voto o di disposizione in via esclusiva; tutte le 1,250,000 azioni risultano indicate come soggette a poteri di voto e di disposizione condivisi.
La segnalazione include una certificazione che i titoli non sono stati acquisiti per modificare o influenzare il controllo dell'emittente. Il rapporto chiarisce le relazioni di proprietà e di gestione, pur rivelando una partecipazione inferiore alla comune soglia di materialità del 5%.
Los inversores afiliados a Tenor notifican la propiedad conjunta de 1,250,000 acciones ordinarias Clase A de Inflection Point Acquisition Corp. III, equivalentes al 4.8% de las acciones Clase A en circulación según el 10-Q del emisor. Las acciones están en poder de Tenor Opportunity Master Fund, Ltd., siendo Tenor Capital Management Company, L.P. el gestor de inversiones del Master Fund y Robin Shah identificado como el miembro gerente relacionado. La presentación declara ausencia de poder de voto o de disposición en forma exclusiva; las 1,250,000 acciones constan como con poder de voto y de disposición compartidos.
La presentación incluye una certificación de que los valores no fueron adquiridos para cambiar o influir en el control del emisor. El informe aclara la titularidad y las relaciones de gestión, pero revela una participación por debajo del umbral de materialidad común del 5%.
Tenor 계열 투자자들이 Inflection Point Acquisition Corp. III의 보통주 Class A 1,250,000주를 공동 보유하고 있음을 공시했으며, 이는 발행인의 10-Q에 따르면 유통 중인 Class A의 4.8%에 해당합니다. 해당 주식은 Tenor Opportunity Master Fund, Ltd.가 보유하고 있으며 Tenor Capital Management Company, L.P.가 마스터 펀드의 투자 매니저로, Robin Shah가 관련 관리 멤버로 확인되어 있습니다. 신고서에는 단독 의결권 또는 처분권 없음으로 기재되어 있으며, 모든 1,250,000주는 의결권 및 처분권이 공동 보유된 것으로 보고되었습니다.
신고서에는 해당 증권이 발행인의 지배권을 변경하거나 영향력을 행사하기 위해 취득되지 않았다는 확인서가 포함되어 있습니다. 이 보고서는 소유 및 운용자 관계를 명확히 하지만, 통상적인 5% 중요성 기준 미만의 지분을 공개하고 있습니다.
Des investisseurs affiliés à Tenor déclarent la détention conjointe de 1,250,000 actions ordinaires de classe A d'Inflection Point Acquisition Corp. III, soit 4.8% des actions de classe A en circulation selon le 10-Q de l'émetteur. Ces actions sont détenues par Tenor Opportunity Master Fund, Ltd., Tenor Capital Management Company, L.P. agissant comme gestionnaire d'investissement du Master Fund et Robin Shah étant identifié comme le membre dirigeant lié. Le dépôt indique aucun pouvoir de vote ou de disposition exclusif ; l'ensemble des 1,250,000 actions est déclaré comme faisant l'objet d'un pouvoir de vote et d'un pouvoir de disposition partagés.
Le dépôt comprend une certification selon laquelle les titres n'ont pas été acquis afin de changer ou d'influencer le contrôle de l'émetteur. Le rapport clarifie les liens de propriété et de gestion, mais révèle une participation inférieure au seuil de matérialité courant de 5%.
Mit Tenor verbundene Investoren geben den gemeinsamen Besitz von 1,250,000 Class A‑Stammaktien von Inflection Point Acquisition Corp. III an, was laut dem 10-Q des Emittenten 4.8% der ausstehenden Class A‑Aktien entspricht. Die Aktien werden von Tenor Opportunity Master Fund, Ltd. gehalten; Tenor Capital Management Company, L.P. fungiert als Investmentmanager des Master Fund und Robin Shah wird als zugehöriges geschäftsführendes Mitglied angegeben. Die Meldung weist keine alleinige Stimm- oder Verfügungsgewalt aus; alle 1,250,000 Aktien werden als mit Stimm- und Verfügungsgewalt gemeinsam gehalten gemeldet.
Die Meldung enthält eine Bestätigung, dass die Wertpapiere nicht erworben wurden, um die Kontrolle des Emittenten zu ändern oder zu beeinflussen. Der Bericht klärt Eigentums- und Managerbeziehungen, legt jedoch eine Beteiligung unterhalb der üblichen 5%-Materialitätsschwelle offen.
FAQ
How many Class A shares of Inflection Point Acquisition (IPCXU) do Tenor-related entities report owning?
What percentage of IPCXU's Class A shares does the 1,250,000-share position represent?
Who are the Reporting Persons named in the Schedule 13G/A for IPCXU?
Do the Reporting Persons claim sole voting or dispositive power over the shares?
Was the stake reported as intended to influence control of IPCXU?
