---
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"
generated_at: "2026-05-17T10:23:21.743143+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Inflection Point III to merge with Air Water Ventures in $300M SPAC business combination

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-080145
- JSON: https://secwatch.observer/filing/0001213900-25-080145.json
- Plain text: https://secwatch.observer/filing/0001213900-25-080145.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.