---
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"
generated_at: "2026-06-09T10:10:56.748284+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Inflection Point III amends Air Water deal: base consideration cut to $200M, earnout shares reduced to 20M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-066511
- JSON: https://secwatch.observer/filing/0001213900-26-066511.json
- Plain text: https://secwatch.observer/filing/0001213900-26-066511.txt

## Key facts
- Material Agreements
  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).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Air Water Ventures Holdings Limited
  - Value: Reduces aggregate base consideration from $300,000,000 to $200,000,000; reduces maximum earnout shar
  - Effective: 2026-06-05
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2012318/000121390026066511/0001213900-26-066511-index.htm

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