{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-080145","form_type":"8-K","ticker":"IPCX","cik":"0002012318","company_name":"Inflection Point Acquisition Corp. III","filed_at":"2025-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.812353+00:00","generated_at":"2026-05-17T10:23:21.743143+00:00","sec_items":["1.01","3.02","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Inflection Point III to merge with Air Water Ventures in $300M SPAC business combination","bullets":["Entered into Business Combination Agreement with Air Water Ventures Holdings Limited; merger targeted for Q1 2026.","SPAC shareholders will receive PubCo ordinary shares; Air Water shareholders receive shares based on $300M valuation.","Earnout of up to 30M PubCo ordinary shares tied to revenue milestones ($25M quarterly by June 2026, $50M by Dec 2026) and EBITDA ($12.5M) or stock price $20+.","Sponsor support agreement includes voting commitment and waiver of redemption rights.","Closing conditions include HSR, Nasdaq listing, shareholder approvals; termination date August 25, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-080145","json":"https://secwatch.observer/filing/0001213900-25-080145.json","markdown":"https://secwatch.observer/filing/0001213900-25-080145.md","text":"https://secwatch.observer/filing/0001213900-25-080145.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2012318/000121390025080145/0001213900-25-080145-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2012318/000121390025080145/ea0254110-8k425_inflect3.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:23:21.743143+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}