Inflection Point Acquisition Corp. III (IPCX) Form 10-Q — May 14, 2026
Inflection Point Acquisition Corp. III (IPCX) reported net income of $1.68 million for the quarter ended March 31, 2026, driven primarily by $2.31 million in dividend income from its trust account, offset by $627,000 in formation and operating costs. The company continues to pursue its business combination with Air Water Ventures, having secured approximately $78.5 million in total PIPE financing commitments from investors including Tau Capital. The deal structure implies a $300 million valuation for Air Water, with earnout shares tied to future revenue and EBITDA milestones.
Key figures
- Net Income
- 1681317
- Total Debt
- 15379591
- Cash Position
- 834598
- Deal Value Implied
- 300000000
- Operating Costs Q1
- 626738
- Deferred Legal Fees
- 3023074
- Trust Account Value
- 261298144
- Shares Outstanding Class A
- 26040000
- Shares Outstanding Class B
- 8433333
Price after filing
Close on the filing date to close N calendar days later (from $10.30). Historical, not a forecast.
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