Inflection Point stake of 7.6% reported by MMCAP

MMCAP International Inc. SPC and MM Asset Management Inc. report beneficial ownership of Class A Ordinary Shares of Inflection Point Acquisition Corp. VI.

Rhea-AI Filing Summary

MMCAP International Inc. SPC and MM Asset Management Inc. report beneficial ownership of Class A Ordinary Shares of Inflection Point Acquisition Corp. VI. They collectively beneficially own 1,931,762 Class A Ordinary Shares, representing 7.6% of this class, with all voting and dispositive powers held on a shared basis and no sole power to vote or dispose. This ownership percentage is based on 25,300,000 Class A Ordinary Shares outstanding. The parties entered into a joint filing agreement, reflected in Exhibit 99.1, and this filing is signed by authorized representatives of both entities.

Key Figures

Shares beneficially owned: 1,931,762 Class A Ordinary Shares Percent of class owned: 7.6% Shares outstanding: 25,300,000 Class A Ordinary Shares +3 more

6 metrics

Shares beneficially owned 1,931,762 Class A Ordinary Shares Beneficial ownership reported by MMCAP International Inc. SPC and MM Asset Management Inc.

Percent of class owned 7.6% Percentage of Class A Ordinary Shares beneficially owned by the reporting persons

Shares outstanding 25,300,000 Class A Ordinary Shares Outstanding Class A Ordinary Shares used to calculate ownership percentage

Shared voting power 1,931,762 shares Number of shares over which the filers have shared power to vote

Sole voting power 0 shares Number of shares over which the filers have sole power to vote

Shared dispositive power 1,931,762 shares Number of shares over which the filers have shared power to dispose

Key Terms

beneficially owned, shared voting power, dispositive power, Schedule 13G/A

4 terms

beneficially owned financial

"Amount beneficially owned: 1,931,762"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 1,931,762.00"

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 1,931,762.00"

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.

Schedule 13G/A regulatory

"form_type": "SCHEDULE 13G/A"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

FAQ

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

What ownership stake in IPFX does MMCAP International Inc. SPC report?

MMCAP International Inc. SPC reports beneficial ownership of 1,931,762 Class A Ordinary Shares of Inflection Point Acquisition Corp. VI, equal to 7.6% of the Class A Ordinary Shares outstanding, with all voting and dispositive powers shared.

How many Inflection Point Acquisition Corp. VI (IPFX) shares are outstanding?

The filing states there are 25,300,000 outstanding Class A Ordinary Shares of Inflection Point Acquisition Corp. VI, which is the baseline used to calculate the 7.6% ownership reported by the filers.

Do the reporting persons have sole or shared voting power over IPFX shares?

The reporting persons have 0 shares with sole voting power and 1,931,762 shares with shared voting power. They also have shared dispositive power over the same 1,931,762 shares and no sole dispositive power.

Who are the reporting entities in the IPFX Schedule 13G/A?

The reporting entities are MMCAP International Inc. SPC, organized in the Cayman Islands, and MM Asset Management Inc., organized in Ontario, Canada. They jointly report beneficial ownership of Class A Ordinary Shares of Inflection Point Acquisition Corp. VI.

What class of securities of IPFX is covered by this ownership filing?

The filing covers Class A Ordinary Shares of Inflection Point Acquisition Corp. VI. The CUSIP for this class is G4790S107, and the reported ownership and percentage relate specifically to this class.

Is there a joint filing agreement associated with this IPFX Schedule 13G/A?

Yes. The filing includes Exhibit 99.1, which is described as a Joint Filing Agreement between MMCAP International Inc. SPC and MM Asset Management Inc., documenting their agreement to file jointly regarding their IPFX holdings.

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

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Available on EDGAR 08/14/2026 - 03:22 PM Accepted by SEC EDGAR 08/14/2026 - 03:21 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Inflection Point Acquisition Corp. VI

(Name of Issuer)

Class A Ordinary Shares

(Title of Class of Securities)

G4790S107

(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): G4790S107

1

Names of Reporting Persons

MMCAP International Inc. SPC

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,931,762.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,931,762.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,931,762.00

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)

7.6 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Based on 25,300,000 outstanding Class A Ordinary Shares of Issuer.

SCHEDULE 13G

CUSIP Number(s): G4790S107

1

Names of Reporting Persons

MM Asset Management Inc.

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

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,931,762.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,931,762.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,931,762.00

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)

7.6 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Based on 25,300,000 outstanding Class A Ordinary Shares of Issuer.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Inflection Point Acquisition Corp. VI
(b)	Address of issuer's principal executive offices: 167 Madison Avenue, Suite 205, New York, NY 10016
Item 2.
(a)	Name of person filing: i) MMCAP International Inc. SPC ii) MM Asset Management Inc.
(b)	Address or principal business office or, if none, residence: i) c/o Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, P. O. Box 1348, Grand Cayman KY1-1108, Cayman Islands ii) 161 Bay Street, TD Canada Trust Tower, Suite 2240, Toronto, Ontario M5J 2S1 Canada
(c)	Citizenship: i) Cayman Islands ii) Ontario, Canada
(d)	Title of class of securities: Class A Ordinary Shares
(e)	CUSIP No.: G4790S107
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: 1,931,762
(b)	Percent of class: 7.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,931,762
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,931,762
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.
	Not Applicable
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 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.

MMCAP International Inc. SPC

Signature:	Ulla Vestergaard
Name/Title:	Director
Date:	08/14/2026

MM Asset Management Inc.

Signature:	Hillel Meltz
Name/Title:	President
Date:	08/14/2026

Exhibit Information

Exhibit 99.1 Joint Filing Agreement