Ownership / Inflection Point Acquisition Corp. II | Tables in SEC filings

IPXX Inflection Point Acquisition Corp. II

Quarterly report

CONDENSED BALANCE SHEETS

	September 30, 2024		December 31, 2023
	(Unaudited)
Assets:
Current assets:
Cash	$	141,201	$	275,665
Prepaid expenses		38,309		18,390
Prepaid insurance		43,438		205,604
Total Current Assets		222,948		499,659

Marketable securities held in Trust Account		269,138,646		258,971,518
Total Assets	$	269,361,594	$	259,471,177

Liabilities and Shareholders’ Deficit:
Current liabilities:
Accounts payable and accrued expenses	$	2,026,173	$	234,985
Accrued offering costs		—		75,000
Convertible promissory note – related party		700,000		—
Total Current Liabilities		2,726,173		309,985

Deferred underwriting fee payable		13,100,000		13,100,000
Total Liabilities		15,826,173		13,409,985

Commitments and Contingencies (Note 6)

Class A ordinary shares subject to possible redemption, 25,000,000 issued and outstanding shares at redemption value of $10.77 and $10.36 per share as of September 30, 2024 and December 31, 2023, respectively		269,138,646		258,971,518

Shareholders’ Deficit
Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding		—		—
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued and outstanding (excluding 25,000,000 shares subject to possible redemption) as of September 30, 2024 and December 31, 2023		—		—
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 6,250,000 shares issued and outstanding as of September 30, 2024 and December 31, 2023		625		625
Additional paid-in capital		—		—
Accumulated deficit		(15,603,850)		(12,910,951)
Total Shareholders’ Deficit		(15,603,225)		(12,910,326)
Total Liabilities and Shareholders’ Deficit	$	269,361,594	$	259,471,177

	Three Months Ended September 30,		For The Period from March 6, 2023 (Inception) Through September 30,
	2023		2023

Net Income		2,856,883		3,681,499
Accretion of temporary equity to redemption value		—		(21,520,679)
Interest income from Trust Account		(3,270,011)		(4,329,480)
Net loss including accretion of temporary equity to redemption value		(413,128)		(22,168,660)

	Three Months Ended September 30, 2024				Nine Months Ended September 30, 2024
	Redeemable shares		Non-redeemable shares		Redeemable shares		Non-redeemable shares
Basic and diluted net loss per ordinary share
Numerator:
Allocation of net loss	$	(1,534,181)	$	(383,545)	$	(2,154,320)	$	(538,580)
Accretion of temporary equity to redemption value		—		—		—		—
Net income including accretion of temporary equity to redemption value		3,427,851		—		10,167,128		—
Net income (loss)		1,893,670		(383,545)		8,012,808		(538,580)
Denominator:
Basic and diluted weighted average shares outstanding		25,000,000		6,250,000		25,000,000		6,250,000
Basic and diluted net income (loss) per ordinary share	$	0.08	$	(0.06)	$	0.32	$	(0.09)

	Three Months Ended September 30, 2023				For The Period from March 6, 2023 (Inception) Through September 30, 2023
	Redeemable shares		Non-redeemable shares		Redeemable shares		Non-redeemable shares
Basic and diluted net loss per ordinary share
Numerator:
Allocation of net loss	$	(330,502)	$	(82,626)	$	(15,558,730)	$	(6,609,930)
Accretion of temporary equity to redemption value		—		—		21,520,679		—
Net income including accretion of temporary equity to redemption value		3,270,011		—		4,329,480		—
Net income (loss)		2,939,509		(82,626)		10,291,429		(6,609,930)
Denominator:
Basic and diluted weighted average shares outstanding		25,000,000		6,250,000		14,783,654		6,280,649
Basic and diluted net income (loss) per ordinary share	$	0.12	$	(0.01)	$	0.70	$	(1.05)

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