<SEC-DOCUMENT>0001213900-25-037799.txt : 20250430
<SEC-HEADER>0001213900-25-037799.hdr.sgml : 20250430
<ACCEPTANCE-DATETIME>20250430175538
ACCESSION NUMBER:		0001213900-25-037799
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250428
FILED AS OF DATE:		20250430
DATE AS OF CHANGE:		20250430

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BLITZER MICHAEL
		CENTRAL INDEX KEY:			0001458423
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42614
		FILM NUMBER:		25898119

	MAIL ADDRESS:	
		STREET 1:		1270 BROADWAY, SUITE 1009
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Inflection Point Asset Management LLC
		CENTRAL INDEX KEY:			0002062185
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42614
		FILM NUMBER:		25898120

	BUSINESS ADDRESS:	
		STREET 1:		1680 MICHIGAN AVENUE
		STREET 2:		SUITE 700 #1016
		CITY:			MIAMI BEACH
		STATE:			FL
		ZIP:			33139
		BUSINESS PHONE:		754-217-7160

	MAIL ADDRESS:	
		STREET 1:		1680 MICHIGAN AVENUE
		STREET 2:		SUITE 700 #1016
		CITY:			MIAMI BEACH
		STATE:			FL
		ZIP:			33139

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Inflection Point Holdings III LLC
		CENTRAL INDEX KEY:			0002012321
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42614
		FILM NUMBER:		25898121

	BUSINESS ADDRESS:	
		STREET 1:		167 MADISON AVE
		STREET 2:		SUITE 205 #1017
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		2124766908

	MAIL ADDRESS:	
		STREET 1:		167 MADISON AVE
		STREET 2:		SUITE 205 #1017
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Inflection Point Acquisition Corp. III
		CENTRAL INDEX KEY:			0002012318
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				981773732
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		167 MADISON AVE
		STREET 2:		SUITE 205 #1017
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		2124766908

	MAIL ADDRESS:	
		STREET 1:		167 MADISON AVE
		STREET 2:		SUITE 205 #1017
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2025-04-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0002012318</issuerCik>
        <issuerName>Inflection Point Acquisition Corp. III</issuerName>
        <issuerTradingSymbol>IPCX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002012321</rptOwnerCik>
            <rptOwnerName>Inflection Point Holdings III LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O INFLECTION POINT ACQ CORP. III</rptOwnerStreet1>
            <rptOwnerStreet2>167 MADISON AVENUE, SUITE 205 #1017</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10016</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002062185</rptOwnerCik>
            <rptOwnerName>Inflection Point Asset Management LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O INFLECTION POINT ACQ CORP. III</rptOwnerStreet1>
            <rptOwnerStreet2>167 MADISON AVENUE, SUITE 205 #1017</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10016</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001458423</rptOwnerCik>
            <rptOwnerName>BLITZER MICHAEL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O INFLECTION POINT ACQ CORP. III</rptOwnerStreet1>
            <rptOwnerStreet2>167 MADISON AVENUE, SUITE 205 #1017</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10016</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>See Remarks</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Ordinary Shares, par value $0.0001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2025-04-28</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>500000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>500000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Rights to receive Class A ordinary shares</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F4"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2025-04-28</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>500000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Ordinary Shares, par value $0.0001 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>50000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>500000</value>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Consists of 500,000 Class A ordinary shares, par value $0.0001 per share of the Issuer that are included in the 500,000 private placement units of the Issuer purchased by Inflection Point Holdings III LLC in connection with the closing of the Issuer's initial public offering.</footnote>
        <footnote id="F2">Each private placement unit was purchased for $10.00 per unit and consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination.</footnote>
        <footnote id="F3">Inflection Point Holdings III LLC is the record holder of the securities reported herein. Inflection Point Asset Management LLC is the manager of Inflection Point Holdings III LLC and shares voting and investment discretion with respect to the securities held of record by Inflection Point Holdings III LLC. Michael Blitzer controls Inflection Point Asset Management LLC and shares voting and investment discretion with respect to the securities held of record by Inflection Point Holdings III LLC. Inflection Point Asset Management LLC and Michael Blitzer disclaim any beneficial ownership of the securities held by Inflection Point Holdings III LLC other than to the extent of any pecuniary interest it or he may have therein, directly or indirectly.</footnote>
        <footnote id="F4">Consists of 500,000 rights to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination that are included in 500,000 private placement units of the Issuer purchased by Inflection Point Holdings III LLC in connection with the closing of the Issuer's initial public offering. As described in the in the Issuer's Registration Statement on Form S-1 (File No. 333-283427) (as amended) under the heading &quot;Description of Securities--Share Rights,&quot; each right will automatically convert into one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination, subject to certain adjustments described therein and have no expiration date. No fractional Class A ordinary shares will be issued upon conversion of such rights.</footnote>
    </footnotes>

    <remarks>Inflection Point Holdings III LLC and Inflection Point Asset Management LLC may be deemed directors by deputization by virtue of their representation on the board of directors of the Issuer. Michael Blitzer is a member of the board of directors of the Issuer.</remarks>

    <ownerSignature>
        <signatureName>/s/ Michael Blitzer for Inflection Point Holdings III LLC, Name: Michael Blitzer Title: Chief Investment Officer of Manager</signatureName>
        <signatureDate>2025-04-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Michael Blitzer for Inflection Point Asset Management LLC, Name: Michael Blitzer Title: Chief Investment Officer</signatureName>
        <signatureDate>2025-04-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Michael Blitzer</signatureName>
        <signatureDate>2025-04-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
