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 Acquisition Corp. III and Air Water Ventures Holdings Limited executed Amendment No. 2 to their Business Combination Agreement on June 5, 2026. The filing also furnishes an updated investor presentation dated June 2026.
The companies have prepared a Registration Statement on Form F-4 that includes a preliminary proxy statement and prospectus. Once the Registration Statement is declared effective, Inflection Point will mail a definitive proxy statement and related materials to shareholders for a vote on the Business Combination.
Inflection Point Acquisition Corp. III has signed Amendment No. 2 to its Business Combination Agreement with Air Water Ventures Holdings Limited, reaffirming plans to merge and list the combined company, PubCo, on Nasdaq. The company also released an updated investor presentation describing Air Water’s air-to-water bottled water strategy, technology, and distribution partnerships.
The materials highlight a revised $200 million pre-money equity valuation for Air Water and a committed $96 million PIPE, anchored by Inflection Point and Southern Glazer’s Wine & Spirits. Pro forma ownership assumes about 29.6% for existing Air Water holders, 42.3% for public SPAC shareholders, 14.4% for PIPE investors, and 13.7% for the sponsor, subject to redemptions and closing conditions.
The presentation outlines Air Water’s South Florida facility economics, a plan to scale to additional sites, and a large bottled water market opportunity, while also listing extensive risk factors and forward‑looking statement caveats around execution, regulation, financing, redemptions, and the ability to complete the Business Combination.
Inflection Point Acquisition Corp. III reported net income of $1,681,317 for the quarter ended March 31, 2026, mainly from $2,308,055 of dividend income on funds held in its SPAC trust, partially offset by $626,738 of formation and operating costs. Cash outside the trust was $834,598, while cash and marketable securities in the Trust Account totaled $261,298,144, backing 25,300,000 Class A shares subject to redemption.
The company highlighted its pending business combination with Air Water Ventures, structured via a two-step merger into PubCo, and detailed multiple PIPE financings, including approximately $28.5M and $31.0M Air Water preferred-share and warrant subscriptions and additional $5.0M and $15.0M commitments. Management disclosed substantial doubt about the company’s ability to continue as a going concern if a business combination is not completed within the April 28, 2027 completion window, though no liquidation adjustments were recorded.
W. R. Berkley Corporation reports beneficial ownership of 1,769,623 Class A ordinary shares of Inflection Point Acquisition Corp. III.
The filing states this equals 6.8% of the class, with shared voting and dispositive power over those shares. The filing lists the issuer CUSIP as G47875102 and is signed by Richard M. Baio.
Inflection Point Acquisition Corp. III director Park Jae Hyun filed an initial Form 3, which is a statement of beneficial ownership for insiders. This filing lists Park’s status as a director but does not report any stock transactions or holdings in this excerpt.
Inflection Point Acquisition Corp. III reported that its board appointed Jae Hyun (James) Park as a Class II director, with a term lasting until the company’s second annual meeting of stockholders. He was also named to the board’s Audit Committee as a member and deemed an independent director under Nasdaq and SEC rules.
Park is an experienced investment professional with a background in SPAC transactions, capital markets, and natural resources, including leadership roles at Keystone Acquisition Corp. and prior work with USA Rare Earth and KPMG. The company entered into an indemnity agreement and a letter agreement with him on terms consistent with those of its other directors, and disclosed that there are no related-party arrangements or family relationships tied to his appointment.
Inflection Point Acquisition Corp. III is a Cayman Islands SPAC formed to complete a business combination, highlighted by a signed agreement to merge with Air Water Ventures via a two-step merger into PubCo. The company completed its IPO on April 28, 2025, selling 25,300,000 units at $10.00 each and placing $253,000,000 into a U.S. trust account. As of December 31, 2025, the trust held $258,955,961 in investments and cash.
The SPAC raised an additional $7,400,000 from 740,000 private placement units sold to its sponsor and Cantor. It has until April 28, 2027 to close an initial business combination, including the proposed Air Water transaction, or it must redeem public shares for the cash held in trust, generally targeting about $10.00 per public share, and liquidate, with the rights expiring worthless. Public shareholders are granted redemption rights in connection with the business combination or certain charter amendments, while extensive risk factors stress competition for targets, potential high redemptions, conflicts of interest, and the possibility that creditors’ claims could reduce funds available for redemption.
Inflection Point Acquisition Corp. III and A1R water announced an upsized PIPE commitment of approximately $83.5 million. The release states that over $35 million has been or will be funded prior to closing the business combination agreement entered into on August 25, 2025.
Proceeds, together with reallocated water-generation assets from the Middle East, are intended to accelerate development of commercial-scale production facilities in the United States to expand distribution and partnership activity.
Healthcare of Ontario Pension Plan Trust Fund (HOOPP) filed an amended Schedule 13G showing it beneficially owns 250,000 Class A ordinary shares of Inflection Point Acquisition Corp. III, representing 1.0% of this SPAC’s Class A shares.
HOOPP reports sole voting and dispositive power over all 250,000 shares. The ownership percentage is based on 26,040,000 Class A shares outstanding as of November 13, 2025, as disclosed in the company’s Form 10-Q. HOOPP states the shares are held in the ordinary course of business and not for the purpose of changing or influencing control.
MMCAP International Inc. SPC and Asset Management Inc. filed an amended Schedule 13G reporting their stake in Inflection Point Acquisition Corp. III.
They beneficially own 1,400,000 Class A ordinary shares, representing 5.4% of the class, with shared voting and dispositive power and no sole authority over the shares.
The filers certify the holdings were not acquired to change or influence control, indicating a passive investment position as of the event date of 12/31/2025.