MMCAP International Inc. SPC - 31 Dec 2025 SCHEDULE 13G/A Report for Inflection Point Acquisition Corp. III Class A Ordinary Shares, par value $0.0001 (IPCX)

Filing Manager: MMCAP International Inc. SPC
Reporting Manager: MMCAP International Inc. SPC
Security: Inflection Point Acquisition Corp. III Class A Ordinary Shares, par value $0.0001
Symbol: IPCX
Shares outstanding: 25,925,926 shares
Disclosed Ownership: 1,400,000 shares
Ownership: 5.4%
Form type: SCHEDULE 13G/A
Filing time: 13 Feb 2026, 10:04:57 UTC
Date of event: 31 Dec 2025
Previous filing: 12 Aug 2025
SEC: View on sec.gov

Reporting Managers (2)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title	CIK
MMCAP International Inc. SPC	5.4%	1,400,000	0	1,400,000	Ulla Vestergaard	Director
MM Asset Management Inc.	5.4%	1,400,000	0	1,400,000	Hillel Meltz	President