| Item 1. | |
| (a) | Name of issuer:
Inflection Point Acquisition Corp. III |
| (b) | Address of issuer's principal executive offices:
167 Madison Avenue, Suite 205 #1017, New York, New York 10016 |
| Item 2. | |
| (a) | Name of person filing:
Inflection Point Holdings III LLC ("IPH").
Inflection Point Asset Management LLC ("IPAM").
Michael Blitzer ("Mr. Blitzer").
Each of such persons is referred to herein individually as a "Reporting Person" and collectively as the "Reporting Persons." This Schedule 13G is being filed pursuant to a Joint Filing Agreement, attached hereto as Exhibit 1. |
| (b) | Address or principal business office or, if none, residence:
The principal business address of the Reporting Persons is as follows:
167 Madison Ave, Suite 205 #1017
New York, New York 10016 |
| (c) | Citizenship:
See the responses to Item 4 of the attached cover pages. |
| (d) | Title of class of securities:
Class A ordinary shares, par value $0.0001 per share |
| (e) | CUSIP No.:
G47875102 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership |
| (a) | Amount beneficially owned:
See the response to row 9 of the cover page of each Reporting Person. IPH is the record holder of such shares. IPAM is the manager of IPH. Mr. Blitzer is the Chief Investment Officer of IPAM. Mr. Blitzer controls each of IPH and IPAM, including the exercise of voting and investment discretion over the securities of held by IPH. Each of IPAM and Mr. Blitzer disclaim any beneficial ownership of the securities held by IPH other than to the extent of any pecuniary interest he or it may have therein, directly or indirectly. Excludes 50,000 Class A ordinary shares issuable upon conversion of 500,000 rights, to receive one-tenth of one Class A ordinary share, subject to adjustment, upon the consummation of the Issuer's initial business combination, which are not deemed convertible within 60 days. |
| (b) | Percent of class:
See the response to row 11 of the cover page of each Reporting Person. Percentage ownership is based on an aggregate of 34,473,333 Class A ordinary shares, consisting of (i) 26,040,000 Class A ordinary shares outstanding as of August 14, 2025 as reported in the Issuer's Quarterly Report on Form 10-Q (File No. 001-42614) filed on August 14, 2025 plus (ii) 8,433,333 Class A ordinary shares issuable upon conversion of 8,433,333 Class B ordinary shares, par value $0.0001 per share, held by IPH. |
| (c) | Number of shares as to which the person has:
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| | (i) Sole power to vote or to direct the vote:
See the response to row 5 of the cover page of each Reporting Person.
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| | (ii) Shared power to vote or to direct the vote:
See the response to row 6 of the cover page of each Reporting Person, as well as the answer to Item 4(a).
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| | (iii) Sole power to dispose or to direct the disposition of:
See the response to row 7 of the cover page of each Reporting Person.
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| | (iv) Shared power to dispose or to direct the disposition of:
See the response to row 8 of the cover page of each Reporting Person, as well as the answer to Item 4(a).
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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Rule 13d-1(d)