{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-066511","form_type":"8-K","ticker":"IPCX","cik":"0002012318","company_name":"Inflection Point Acquisition Corp. III","filed_at":"2026-06-09T10:04:49+00:00","discovered_at":"2026-06-09T10:10:00.286857+00:00","generated_at":"2026-06-09T10:10:56.748284+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Inflection Point III amends Air Water deal: base consideration cut to $200M, earnout shares reduced to 20M","bullets":["Aggregate base consideration reduced from $300M to $200M.","Maximum earnout shares lowered from 30M to 20M (four tranches of 5M each).","Earnout triggers: revenue run rate $80M by Q4 2027, $160M + $70M EBITDA by Q2 2028, or stock price $20 for 30/45 days.","BCA Amendment executed June 5, 2026; allocation schedule for earnout participants updated."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-066511","json":"https://secwatch.observer/filing/0001213900-26-066511.json","markdown":"https://secwatch.observer/filing/0001213900-26-066511.md","text":"https://secwatch.observer/filing/0001213900-26-066511.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2012318/000121390026066511/0001213900-26-066511-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2012318/000121390026066511/ea0294063-8k425_inflect3.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T10:10:56.748284+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":[{"claim_id":"718794c34d023bb13da00d8fbb06397d1c76ea55","claim":"Inflection Point Acquisition Corp. III amended Amendment No. 2 to Business Combination Agreement with Air Water Ventures Holdings Limited valued at Reduces aggregate base consideration from $300,000,000 to $200,000,000; reduces maximum earnout shar (effective 2026-06-05).","evidence_excerpt":"On June 5, 2026, Inflection Point and the Company entered into that certain Amendment No. 2 to the Business Combination Agreement (the \" BCA Amendment \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2012318/000121390026066511/0001213900-26-066511-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Air Water Ventures Holdings Limited"},{"label":"Value","value":"Reduces aggregate base consideration from $300,000,000 to $200,000,000; reduces maximum earnout shar"},{"label":"Effective","value":"2026-06-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}