Form 8-K
8-K — Inflection Point Acquisition Corp. VI
Accession: 0001213900-26-040135
Filed: 2026-04-06
Period: 2026-03-30
CIK: 0002102041
SIC: 6770 (BLANK CHECKS)
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — ea0284792-8k_inflect6.htm (Primary)
EX-99.1 — AUDITED BALANCE SHEET AS OF MARCH 30, 2026 (ea028479201ex99-1.htm)
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2026-03-30
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
March 30, 2026
INFLECTION POINT ACQUISITION CORP. VI
(Exact name of registrant as specified in its charter)
Cayman Islands
001-43212
N/A
(State or other jurisdiction
of incorporation)
(Commission File
Number)
(IRS Employer
Identification No.)
1680 Michigan Avenue Suite 700 #1031
Miami Beach, FL 33139
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including
area code: (212) 295-5830
Not Applicable
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-third of one redeemable warrant
IPFXU
The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 par value
IPFX
The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
IPFXW
The Nasdaq Stock Market LLC
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
As previously reported, on
March 30, 2026, Inflection Point Acquisition Corp. VI (the “Company”) consummated its initial public offering (“IPO”)
of 25,300,000 units (the “Units”), including the issuance of 3,300,000 Units as a result of the underwriters’
exercise of their over-allotment option. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share
(the “Class A Ordinary Shares”), and one-third of one redeemable warrant. The Units were sold at a price of $10.00
per Unit, generating gross proceeds to the Company of $253,000,000.
Also as previously reported,
on March 30, 2026, simultaneously with the consummation of the IPO, the Company completed the private sale (the “Private Placement”)
of an aggregate of 7,400,000 private placement warrants (the “Private Placement Warrants”) to Inflection Point Holdings
VI LLC (the “Sponsor”) and Cantor Fitzgerald & Co., as representative of the underwriters (the “Representative”)
at a purchase price of $1.00 per Private Placement Warrant, generating gross proceeds to the Company of $7,400,000. Of the 7,400,000 Private
Placement Warrants, the Sponsor purchased 5,000,000 Private Placements Warrants and the Representative purchased 2,400,000 Private Placement
Warrants.
A total of $253,000,000 of
the proceeds from the IPO and Private Placement, which amount includes $12,045,000 of the underwriters’ deferred discount, was placed
in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee.
An audited balance sheet as
of March 30, 2026 reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement has been issued by the Company
and is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
EXHIBIT INDEX
Exhibit No.
Description
99.1
Audited Balance Sheet as of March 30, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
1
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
INFLECTION POINT ACQUISITION CORP. VI
By:
/s/ Kevin Shannon
Name:
Kevin Shannon
Title:
Chief Executive Officer
Dated: April 6, 2026
2
EX-99.1 — AUDITED BALANCE SHEET AS OF MARCH 30, 2026
EX-99.1
Filename: ea028479201ex99-1.htm · Sequence: 2
Exhibit 99.1
INFLECTION POINT ACQUISITION CORP. VI
INDEX TO FINANCIAL STATEMENT
Page
Audited Financial Statement of Inflection Point Acquisition Corp. VI:
Report of Independent Registered Public Accounting Firm – BDO USA, P.C., Minneapolis, Minnesota
F-2
Balance Sheet as of March 30, 2026
F-3
Notes to Financial Statement
F-4
F-1
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM
Shareholders and Board of Directors
Inflection Point Acquisition Corp. VI
New York, New York
Opinion on the Financial Statement
We have audited the accompanying balance sheet
of Inflection Point Acquisition Corp. VI (the “Company”) as of March 30, 2026, and the related notes (collectively referred
to as the “financial statement”). In our opinion, the financial statement presents fairly, in all material respects, the financial
position of the Company at March 30, 2026, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
This financial statement is the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statement based on our
audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”)
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the
standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we
engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding
of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s
internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures to assess
the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to
those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement.
Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion.
/s/ BDO USA, P.C.
We have served as the Company’s auditor
since 2025.
Minneapolis, Minnesota
April 3, 2026
F-2
INFLECTION POINT ACQUISITION CORP. VI
BALANCE SHEET
MARCH 30, 2026
Assets
Current assets
Cash
$ 2,157,692
Prepaid expenses
49,084
Total current assets
2,206,776
Cash held in Trust Account
253,000,000
Total Assets
$ 255,206,776
Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit
Current liabilities
Accrued expenses
$ 46,219
Accrued offering costs
103,232
Promissory note – related party
36,858
Total current liabilities
186,309
Deferred underwriting fee
12,045,000
Total Liabilities
12,231,309
Commitments and Contingencies (Note 6)
Class A Ordinary Shares subject to Possible Redemption
Class A ordinary shares subject to possible redemption, $0.0001 par value; 25,300,000 shares at redemption value of $10.00 per share
253,000,000
Shareholders’ Deficit
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding
—
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding (excluding 25,300,000 shares subject to possible redemption)
—
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 8,433,333 shares issued and outstanding(1)
843
Additional paid-in capital
—
Accumulated deficit
(10,025,376 )
Total Shareholders’ Deficit
(10,024,533 )
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit
$ 255,206,776
The accompanying notes are an integral part of
the financial statement.
F-3
INFLECTION POINT ACQUISITION CORP. VI
NOTES TO FINANCIAL STATEMENT
Note 1 — Organization
and Business Operations
Inflection Point Acquisition Corp. VI (the
“Company”) is a special purpose acquisition company incorporated as a Cayman Islands exempted company on September 12,
2025, for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination
with one or more businesses (the “Business Combination”).
As of the March 30, 2026, the Company had not
commenced any operations. All activity for the period from September 12, 2025 (inception) through March 30, 2026 relates to the Company’s
formation and the initial public offering (“Initial Public Offering”), which is described below. The Company will not generate
any operating revenues until after the completion of a Business Combination, at the earliest. The Company will generate non-operating
income in the form of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering. The Company
has selected December 31 as its fiscal year end.
The registration statement for the Company’s
Initial Public Offering was declared effective on March 26, 2026. On March 30, 2026, the Company consummated the Initial Public Offering
of 25,300,000 units (each, a “Unit” and collectively, the “Units”), which includes the full exercise by the
underwriters of their over-allotment option in the amount of 3,300,000 Units, at $10.00 per Unit, generating gross proceeds of $253,000,000.
Each Unit consists of one Class A ordinary share and one-third of one redeemable warrant. Simultaneously with the closing of the Initial
Public Offering, the Company consummated the sale of 7,400,000 warrants (the “Private Placement Warrants”) at a price of $1.00
per Private Placement Warrant, in a private placement to Inflection Point Holdings VI, LLC (the “Sponsor”) and Cantor Fitzgerald
& Co, the representative of the underwriters, generating gross proceeds of $7,400,000. Of those 7,400,000 Private Placement Warrants,
the Sponsor has agreed to purchase 5,000,000 Private Placement Warrants and Cantor Fitzgerald & Co. has agreed to purchase
2,400,000 Private Placement Warrants. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of
$11.50 per share.
Transaction costs amounted to $17,277,094, consisting
of $4,400,000 of cash underwriting fee, $12,045,000 of deferred underwriting fee and $832,094 of other offering costs.
Inflection Point Fund I, LP (“IPF”),
an affiliate of the Sponsor and the executive officers, intends to commit an aggregate of $25,000,000 into a private investment in public
equity (“PIPE”), transaction in connection with the initial Business Combination, subject to diligence and approval of IPF’s
investment committee. Any such commitment and purchase will be subject to approval of IPF’s investment committee prior to the closing
of the initial Business Combination. Accordingly, if IPF’s investment committee does not give its approval, IPF will not be obligated
to make such investment. Further, the Company has the right, in its sole discretion, to reduce the amount of or decline such investment.
The Company expects that the terms of any such PIPE transaction will be negotiated with the applicable Business Combination target and
investors (including IPF), at the time a Business Combination agreement is signed. As a result of additional costs in connection with
such anticipated PIPE transaction, the Company is entitled to withdraw a maximum of $500,000 of funds from interest earned on the Trust
Account for working capital purposes per year (plus the rollover of unused amounts from prior years).
The Company’s Business Combination must
be with one or more target businesses that together have a fair market value equal to at least 80% of the net assets in the Trust Account
(as defined below) (excluding the deferred underwriting commissions and taxes payable on the interest earned on the trust account ) at
the time of the signing an agreement to enter into a Business Combination. However, the Company will only complete a Business Combination
if the post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise
acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment
Company Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able
to successfully effect a Business Combination.
F-4
INFLECTION POINT ACQUISITION CORP. VI
NOTES TO FINANCIAL STATEMENT
Note 1 — Organization and Business Operations
(cont.)
Upon the closing of the Initial Public
Offering on March 30, 2026, an amount of $253,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units, and a
portion of the net proceeds from the sale of the Private Placement Warrants, was held in a Trust Account (the “Trust
Account”) and may only be invested in U.S. government treasury obligations with a maturity of 185 days or less or in
money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest only in direct
U.S. government treasury obligations. Except with respect to (a) amounts withdrawn to fund the Company’s working
capital requirements, subject to an annual limit of $500,000 (plus the rollover of unused amounts from prior years), and/or
(b) to pay for the taxes (any withdrawals to pay for the Company’s taxes (which shall exclude any 1% U.S. federal
excise tax on stock repurchases under the Inflation Reduction Act of 2022 that is imposed on the Company, if any) shall
not be subject to the $500,000 annual limitation described in the foregoing) (such withdrawals described in clauses (a) and
(b), collectively, “Permitted Withdrawals”) interest earned on the funds held in the Trust Account that may be released
to the Company to pay its taxes, if any, the proceeds from the Initial Public Offering and the sale of the Private Placement
Warrants will not be released from the Trust Account until the earliest of (i) the completion of the Company’s initial
Business Combination, (ii) the redemption of the Company’s public shares if the Company is unable to complete the initial
Business Combination within 24 months from the closing of the Initial Public Offering or by such earlier liquidation date as
the board of directors may approve (the “Completion Window”), subject to applicable law, or (iii) the redemption of
the Company’s public shares properly submitted in connection with a shareholder vote to amend the Company’s amended and
restated memorandum and articles of association to (A) modify the substance or timing of the Company’s obligation to
allow redemption in connection with the initial Business Combination or to redeem 100% of the Company’s public shares if the
Company has not consummated an initial Business Combination within the Completion Window or (B) with respect to any other
material provisions relating to shareholders’ rights or pre-initial Business Combination activity. The proceeds deposited in
the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority over the
claims of the Company’s public shareholders.
The Company will provide the Company’s public
shareholders with the opportunity to redeem all or a portion of their public shares in connection with the completion of the initial Business
Combination either (i) in connection with a general meeting called to approve the initial Business Combination or (ii) without
a shareholder vote by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a proposed initial
Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The public shareholders will be
entitled to redeem their shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account
calculated as of two business days prior to the consummation of the initial Business Combination, including interest earned
on the funds held in the Trust Account and not previously released to the Company for Permitted Withdrawals, divided by the number of
then outstanding public shares, subject to the limitations. The amount in the Trust Account is initially anticipated to be $10.00 per
public share.
The ordinary shares subject to redemption were
recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering, in accordance with
Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480
“Distinguishing Liabilities from Equity.”
The Company will have only the duration of the
Completion Window to complete the initial Business Combination. However, if the Company is unable to complete its initial Business Combination
within the Completion Window, the Company will as promptly as reasonably possible but not more than ten business days thereafter,
redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including
interest earned on the funds held in the Trust Account and not previously released to the Company for Permitted Withdrawals (less up to
$100,000 of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will constitute
full and complete payment for the public shares and completely extinguish public shareholders’ rights as shareholders (including
the right to receive further liquidation or other distributions, if any), subject to the Company’s obligations under Cayman Islands
law to provide for claims of creditors and subject to the other requirements of applicable law.
The Sponsor, officers and directors entered into
a letter agreement with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect to their
founder shares and public shares in connection with the completion of the initial Business Combination or an earlier redemption in connection
with the commencement of the procedures to consummate the initial Business Combination if the Company determines it is desirable to facilitate
the completion of the initial Business Combination; (ii) waive their redemption rights with respect to their founder shares and
public shares in connection with a shareholder vote to approve an amendment to the Company’s amended and restated memorandum and
articles of association; (iii) waive their rights to liquidating distributions from the Trust Account with respect to their founder
shares if the Company fails to complete the initial Business Combination within the Completion Window, although they will be entitled
to liquidating distributions from the Trust Account with respect to any public shares they hold if the Company fails to complete the
initial Business Combination within the Completion Window and to liquidating distributions from assets outside the trust account; and
(iv) vote any founder shares held by them and any public shares purchased during or after the Initial Public Offering (including
in open market and privately-negotiated transactions) in favor of the initial Business Combination.
F-5
INFLECTION POINT ACQUISITION CORP. VI
NOTES TO FINANCIAL STATEMENT
Note 1 — Organization and Business Operations
(cont.)
The Company’s Sponsor has agreed that it
will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company (except
for the Company’s independent auditors), or a prospective target business with which the Company has entered into a written letter
of intent, confidentiality or other similar agreement or Business Combination agreement (except for the Company’s independent auditors),
reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per public share and (ii) the actual amount
per public share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to
reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third
party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not
such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public
Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities
Act”). However, the Company has not asked the Sponsor to reserve for such indemnification obligations, nor has the Company independently
verified whether the Sponsor has sufficient funds to satisfy its indemnity obligations and the Company believes that the Sponsor’s
only assets are securities of the Company. Therefore, the Company cannot assure that the Sponsor would be able to satisfy those obligations.
Liquidity and Capital Resources
The Company’s liquidity needs up to March
30, 2026 had been satisfied through the loan under an unsecured promissory note from the Sponsor of up to $300,000 (Note 5). As of March
30, 2026, the Company had $2,157,692 in cash and had a working capital of $2,020,467.
In order to finance transaction costs in connection
with a Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may,
but are not obligated to, loan the Company funds as may be required (the “Working Capital Loans”). If the Company completes
a Business Combination, the Company would repay the Working Capital Loans. In the event that a Business Combination does not close, the
Company may use amounts held outside the Trust Account to repay the Working Capital Loans but no proceeds from the Trust Account would
be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans may be convertible into Private Placement Warrants
of the post Business Combination entity at a price of $1.00 per warrant at the option of the lender. The warrants would be identical to
the Private Placement Warrants. As of March 30, 2026, no such Working Capital Loans were outstanding.
In connection with the Company’s assessment
of going concern considerations in accordance with FASB ASC 204-50, “Presentation of Financial Statements - Going Concern,”
the Company does not believe it will need to raise additional funds in order to meet the expenditures required for operating its business.
However, if the estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a Business
Combination are less than the actual amount necessary to do so, the Company may have insufficient funds available to operate its business
prior to the initial Business Combination. The Company has the Completion Window to complete the initial Business Combination. Management
has determined that the Company has sufficient funds to finance the working capital needs of the Company within one year from the date
of issuance of the financial statement.
Note 2 — Significant Accounting
Policies
Basis of Presentation
The accompanying financial statement is presented
in conformity with accounting principles generally accepted in the United States of America (the “US GAAP”) and pursuant
to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”).
Emerging Growth Company Status
The Company is an “emerging growth company,”
as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart our Business Startups Act of 2012,
(the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable
to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the
auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation
in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive
compensation and shareholder approval of any golden parachute payments not previously approved.
F-6
INFLECTION POINT ACQUISITION CORP. VI
NOTES TO FINANCIAL STATEMENT
Note 2 — Significant Accounting
Policies (cont.)
Further, Section 102(b)(1) of the
JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until
private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a
class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting
standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the
requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected
not to opt out of such extended transition period which means that when a standard is issued or revised and it has different
application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard
at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statement
with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using
the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Cash and Cash Equivalents
The Company considers all short-term investments
with an original maturity of three months or less when purchased to be cash equivalents. The Company had $2,157,692 in cash and no cash
equivalents as of March 30, 2026.
Cash Held in Trust Account
As of March 30, 2026, the assets held in the Trust
Account, amounting to $253,000,000, are held in cash.
Concentration of Credit Risk
Financial instruments that potentially subject
the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal
Deposit Insurance Corporation coverage limit of $250,000. Any loss incurred or a lack of access to such funds could have a significant
adverse impact on the Company’s financial condition, results of operations, and cash flows.
Use of Estimates
The preparation of the financial statement in
conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the financial statement. Actual results could differ from those estimates.
Offering Costs
Offering costs consist of accounting and legal
expenses incurred through the balance sheet date that are directly related to the Initial Public Offering and were charged to shareholders’
deficit upon the completion of the Initial Public Offering on March 30, 2026.
Fair Value of Financial Instruments
The fair value of the Company’s assets and
liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates
the carrying amounts represented in the balance sheet, primarily due to its short-term nature.
Class A Ordinary Shares Subject to Possible
Redemption
The public shares contain a redemption feature
which allows for the redemption of such public shares in connection with the Company’s liquidation, or if there is a shareholder
vote or tender offer in connection with the Company’s initial Business Combination. In accordance with FASB ASC 480-10-S99, the
Company classifies public shares subject to redemption outside of permanent equity as the redemption provisions are not solely within
the control of the Company. The Company will recognize changes in redemption value immediately as they occur and will adjust the carrying
value of redeemable shares to equal the redemption value at the end of each reporting period. The change in the carrying value of redeemable
shares will result in charges against additional paid-in capital (to the extent available) and accumulated deficit. Accordingly, as of
March 30, 2026, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside
of the shareholders’ deficit section of the Company’s balance sheet. As of March 30, 2026, the Class A ordinary shares subject
to possible redemption reflected in the balance sheet are reconciled in the following table:
Gross proceeds
$ 253,000,000
Less:
Proceeds allocated to Public Warrants
(3,552,120 )
Class A ordinary shares issuance cost
(17,011,209 )
Plus:
Remeasurement of carrying value to redemption value
20,563,329
Class A ordinary shares subject to possible redemption, March 30, 2026
$ 253,000,000
F-7
INFLECTION POINT ACQUISITION CORP. VI
NOTES TO FINANCIAL STATEMENT
Note 2 — Significant Accounting
Policies (cont.)
Income Taxes
The Company follows the asset and liability method
of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized
for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets
and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply
to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred
tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation
allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.
FASB ASC 740 prescribes a recognition threshold
and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in
a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing
authorities. The Company’s management determined that the Cayman Islands is the Company’s major tax jurisdiction. The Company
recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of March 30, 2026, there were
no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under
review that could result in significant payments, accruals or material deviation from its position.
The Company is considered to be an exempted Cayman
Islands company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing
requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the period presented.
Warrant Instruments
The Company accounts for the Public and Private
Warrants issued in connection with the Initial Public Offering and the private placement in accordance with the guidance contained in
FASB ASC Topic 815, “Derivatives and Hedging”. There are 8,433,333 Public Warrants and 7,400,000 Private Placement Warrants
currently outstanding as of March 30, 2026. Accordingly, the Company evaluated and classified the warrant instruments under equity treatment at their assigned values.
Share-Based Compensation
The Company records share-based compensation in
accordance with FASB ASC Topic 718, “Compensation-Stock Compensation”, guidance to account for its share-based compensation.
It defines a fair value-based method of accounting for an employee share option or similar equity instrument. The Company recognizes all
forms of share-based payments at their fair value on the grant date, which are based on the estimated number of awards that are ultimately
expected to vest. Share-based payments are valued using the Monte Carlo model. Grants of share-based payment awards issued to non-employees
for services rendered have been recorded at the fair value of the share-based payment, which is the more readily determinable value. The
grants are amortized on a straight-line basis over the requisite service periods, which is generally the vesting period. If an award is
granted, but vesting does not occur, any previously recognized compensation cost is reversed in the period related to the termination
of service. Share-based compensation expenses are included in costs and operating expenses depending on the nature of the services provided
in the statement of operations.
Recent Accounting Pronouncements
Management does not believe that any recently
issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statement.
Risks and Uncertainties
The United States and global markets are
experiencing volatility and disruption following the geopolitical instability resulting from the ongoing Russia-Ukraine conflict, the
Israel-Hamas conflict and the conflicts between the United States and Israel and Iran, as well as recent developments to U.S. tariff policies.
In response to the ongoing Russia-Ukraine conflict, the North Atlantic Treaty Organization (“NATO”) deployed additional military
forces to eastern Europe, and the United States, the United Kingdom, the European Union and other countries have announced various
sanctions and restrictive actions against Russia, Belarus and related individuals and entities, including the removal of certain financial
institutions from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment system. Certain countries, including
the United States, have also provided and may continue to provide military aid or other assistance to Ukraine and to Israel, increasing
geopolitical tensions among a number of nations. The invasion of Ukraine by Russia, the Israel-Hamas conflict, the conflict between the
United States and Israel and Iran and the resulting measures that have been taken, and could be taken in the future, by NATO, the United States,
the United Kingdom, the European Union, Israel and its neighboring states and other countries have created global security concerns that
could have a lasting impact on regional and global economies. Although the length and impact of the ongoing conflicts are highly unpredictable,
they could lead to market disruptions, including significant volatility in commodity prices, credit and capital markets, as well as supply
chain interruptions and increased cyber-attacks against U.S. companies. Additionally, any resulting sanctions could adversely affect
the global economy and financial markets and lead to instability and lack of liquidity in capital markets.
Any of the above mentioned factors, or any other
negative impact on the global economy, capital markets or other geopolitical conditions resulting from the Russian invasion of Ukraine,
the Israel-Hamas conflict, the conflict between the United States and Israel and Iran and subsequent sanctions or related actions, could
adversely affect the Company’s search for an initial Business Combination and any target business with which the Company may ultimately
consummate an initial Business Combination.
F-8
INFLECTION POINT ACQUISITION CORP. VI
NOTES TO FINANCIAL STATEMENT
Note 3 — Initial Public
Offering
Pursuant to the closing of the Initial Public
Offering on March 30, 2026, the Company sold 25,300,000 Units, including 3,300,000 Units for the full close of the underwriters’
overallotment option, at a purchase price of $10.00 per Unit, generating gross proceeds of $253,000,000. Each Unit consists of one Class A
ordinary share, and one-third of one redeemable warrant (“Public Warrants”). Each whole warrant will entitle the holder to
purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Each warrant will become exercisable 30 days
after the completion of the initial Business Combination and will expire five years after the completion of the initial Business
Combination, or earlier upon redemption or liquidation.
Warrants — There are 15,833,333
warrants currently outstanding, including 8,433,333 Public Warrants and 7,400,000 Private Placement Warrants as of March 30, 2026. Each
whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment as
discussed herein. The warrants cannot be exercised until 30 days after the completion of the initial Business Combination, and will
expire at 5:00 p.m., New York City time, five years after the completion of the initial Business Combination or earlier
upon redemption or liquidation.
The Company will not be obligated to deliver any
Class A ordinary shares pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless
a registration statement under the Securities Act with respect to the Class A ordinary shares underlying the warrants is then effective
and a prospectus relating thereto is current. No warrant will be exercisable and the Company will not be obligated to issue a Class A
ordinary share upon exercise of a warrant unless the Class A ordinary share issuable upon such warrant exercise has been registered,
qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. In the
event that the conditions in the two immediately preceding sentences are not satisfied with respect to a warrant, the holder of such warrant
will not be entitled to exercise such warrant and such warrant may have no value and expire worthless. In no event will the Company be
required to net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants, the purchaser
of a unit containing such warrant will have paid the full purchase price for the unit solely for the Class A ordinary share underlying
such unit.
Under the terms of the warrant agreement, the
Company has agreed that, as soon as practicable, but in no event later than 20 business days, after the closing of its Business
Combination, it will use commercially reasonable efforts to file with the SEC a post-effective amendment to the registration statement
for the Initial Public Offering or a new registration statement covering the registration under the Securities Act of the Class A
ordinary shares issuable upon exercise of the warrants and thereafter will use its commercially reasonable efforts to cause the same to
become effective within 60 business days following the Company’s initial Business Combination and to maintain a current
prospectus relating to the Class A ordinary shares issuable upon exercise of the warrants until the expiration of the warrants in
accordance with the provisions of the warrant agreement. If a registration statement covering the Class A ordinary shares issuable
upon exercise of the warrants is not effective by the sixtieth (60) business day after the closing of the initial Business Combination,
warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have
failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of
the Securities Act or another exemption. Notwithstanding the above, if the Class A ordinary shares are at the time of any exercise
of a warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under
Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their
warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event
the Company so elects, the Company will not be required to file or maintain in effect a registration statement, and in the event the Company
does not so elect, the Company will use its commercially reasonable efforts to register or qualify the shares under applicable blue sky
laws to the extent an exemption is not available.
If the holders exercise their Public Warrants
on a cashless basis, they would pay the warrant exercise price by surrendering the warrants for that number of Class A ordinary shares
equal to the quotient obtained by dividing (x) the product of the number of Class A ordinary shares underlying the warrants,
multiplied by the excess of the “fair market value” of the Class A ordinary shares over the exercise price of the warrants
by (y) the fair market value. The “fair market value” is the average reported closing price of the Class A ordinary
shares for the 10 trading days ending on the third trading day prior to the date on which the notice of exercise is
received by the warrant agent or on which the notice of redemption is sent to the holders of warrants, as applicable.
Redemption of Warrants When the Price per Class A
Ordinary Share Equals or Exceeds $18.00: The Company may redeem the outstanding warrants:
● in whole and not in part;
● at a price of $0.01 per warrant;
F-9
INFLECTION POINT ACQUISITION CORP. VI
NOTES TO FINANCIAL STATEMENT
Note 3 — Initial Public
Offering (cont.)
● upon a minimum of 30 days’ prior written notice of
redemption (the “30-day redemption period”); and
● if, and only if, the last reported sale price (the “closing
price”) of the Class A ordinary shares equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day
period commencing at least 150 days after completion of the initial Business Combination and ending on the third trading day
prior to the date on which the Company sends to the notice of redemption to the warrant holders.
Additionally, if the number of outstanding Class A
ordinary shares is increased by a share capitalization payable in Class A ordinary shares, or by a sub-division of ordinary
shares or other similar event, then, on the effective date of such share capitalization, sub-division or similar event, the number
of Class A ordinary shares issuable on exercise of each warrant will be increased in proportion to such increase in the outstanding
ordinary shares. A rights offering made to all or substantially all holders of ordinary shares entitling holders to purchase Class A
ordinary shares at a price less than the fair market value will be deemed a share capitalization of a number of Class A ordinary
shares equal to the product of (i) the number of Class A ordinary shares actually sold in such rights offering (or issuable
under any other equity securities sold in such rights offering that are convertible into or exercisable for Class A ordinary shares)
and (ii) the quotient of (x) the price per Class A ordinary share paid in such rights offering and (y) the fair market
value. For these purposes (i) if the rights offering is for securities convertible into or exercisable for Class A ordinary
shares, in determining the price payable for Class A ordinary shares, there will be taken into account any consideration received
for such rights, as well as any additional amount payable upon exercise or conversion and (ii) fair market value means the volume
weighted average price of Class A ordinary shares as reported during the ten (10) trading day period ending on the trading day
prior to the first date on which the Class A ordinary shares trade on the applicable exchange or in the applicable market, regular
way, without the right to receive such rights.
Note 4 — Private Placement
Simultaneously with the closing of the Initial
Public Offering on March 30, 2026, the Sponsor and Cantor Fitzgerald & Co. purchased an aggregate of 7,400,000 Private Placement
Warrants, at a price of $1.00 per Private Placement Warrant, generating gross proceeds of $7,400,000. Of those 7,400,000 Private Placement
Warrants, the Sponsor purchased 5,000,000 Private Placement Warrants and Cantor Fitzgerald & Co. purchased 2,400,000 Private
Placement Warrants.
The Private Placement Warrants are identical
to the Public Warrants sold in the Initial Public Offering except that, so long as they are held by the Sponsor, Cantor
Fitzgerald & Co. or their permitted transferees, the Private Placement Warrants (i) may not be (including the
Class A ordinary shares issuable upon exercise of these Private Placement Warrants), subject to certain limited exceptions, be
transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination,
(ii) are entitled to registration rights and (iii) with respect to Private Placement Warrants held by Cantor
Fitzgerald & Co. and/or its designees, will not be exercisable more than five years from the commencement of sales in
this offering in accordance with FINRA Rule 5110(g)(8).
The Sponsor, officers and directors have entered
into a letter agreement with the Company, pursuant to which they have agreed to (i) waive their redemption rights with respect to
their founder shares and public shares in connection with the completion of the initial Business Combination or an earlier redemption
in connection with the commencement of the procedures to consummate the initial Business Combination if the Company determines it is
desirable to facilitate the completion of the initial Business Combination; (ii) waive their redemption rights with respect to their
founder shares and public shares in connection with a shareholder vote to approve an amendment to the Company’s amended and restated
memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation to allow redemption
in connection with the initial Business Combination or to redeem 100% of the public shares if the Company has not consummated an initial
Business Combination within the Completion Window or (B) with respect to any other material provisions relating to shareholders’
rights or pre-initial Business Combination activity; (iii) waive their rights to liquidating distributions from the Trust Account
with respect to their founder shares if the Company fails to complete the initial Business Combination within the Completion Window,
although they will be entitled to liquidating distributions from the Trust Account with respect to any public shares they hold if the
Company fails to complete the initial Business Combination within the Completion Window and to liquidating distributions from assets
outside the trust account; and (iv) vote any founder shares held by them and any public shares purchased during or after the Initial
Public Offering (including in open market and privately-negotiated transactions) in favor of the initial Business Combination.
F-10
INFLECTION POINT ACQUISITION CORP. VI
NOTES TO FINANCIAL STATEMENT
Note 5 — Related Party
Transactions
Founder Shares (Class B Shares)
On October 6, 2025, the Sponsor made a capital
contribution of $25,000, or approximately $0.003 per share, to cover certain of the Company’s expenses, for which the Company issued
8,433,333 founders shares to the Sponsor. Up to 1,100,000 of the founder shares were subject to surrendered for no consideration depending on the
extent to which the underwriters’ over-allotment is exercised. On March 30, 2026, the underwriters exercised their over-allotment
option in full as part of the closing of the Initial Public Offering. As a result, the 1,100,000 founder shares are no longer subject
to forfeiture.
On February 13, 2026, the Sponsor granted membership
interests equivalent to an aggregate of 925,000 founder shares to the directors and officers of the Company for an aggregate consideration
of $2,742.07, or approximately $0.003 per share. The transfer of the founder shares to the holders of such interests is in the scope of
FASB ASC 718. Under FASB ASC 718, share-based compensation associated with equity classified awards is measured at fair value upon the
assignment date. The total fair value of the 925,000 founder shares on February 13, 2026 was $1,338,475 or $1.48 per share. The membership
interests in founder shares have no further service restrictions, thus, the total fair value of $1,338,475 was recorded as compensation
expense on February 13, 2026. The Company established the initial fair value of the founder shares on February 13, 2026, the date of the
grant agreement, using a calculation prepared by a third party valuation team which takes into consideration the (i) expected share price
at initial Business Combination $9.87, (ii) likelihood of Business Combination of 16.0%, (iii) risk-free rate of 3.42%, (iv) volatility
of 9.6%, (v) discount for lack of marketability of 3.6%, and (vi) restricted term (years) of 2.63.
The Company’s initial shareholders have
agreed not to transfer, assign or sell any of their founder shares and any Class A ordinary shares issued upon conversion thereof
until the earlier to occur of (i) 180 days after the completion of the initial Business Combination or (ii) the date on
which the Company completes a liquidation, merger, share exchange or other similar transaction after the initial Business Combination
that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities
or other property. Any permitted transferees will be subject to the same restrictions and other agreements of the Company’s initial
shareholders with respect to any founder shares (the “Lock-up”). Notwithstanding the foregoing, if (1) the closing price
of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days
after the initial Business Combination or (2) if the Company consummates a transaction after the initial Business Combination which
results in the Company’s shareholders having the right to exchange their shares for cash, securities or other property, the founder
shares will be released from the Lock-up.
Promissory Note — Related Party
The Sponsor had agreed to loan the Company an
aggregate of up to $300,000 to be used for a portion of the expenses of the Initial Public Offering. The loan was non-interest bearing,
unsecured and due at the earlier of December 31, 2026 or the closing of the Initial Public Offering. As of March 30, 2026, the Company
had $36,858 of borrowings under the promissory note. Subsequently on April 1, 2026, the Company fully repaid the balance of the promissory
note. Borrowing against the note is no longer available.
Services and Indemnification Agreement
Commencing on March 26, 2026, the Company entered
into an agreement pursuant to which it will pay an aggregate of $29,167 per month to Inflection Point Asset Management LLC (“IPAM”
or “Inflection Point Asset Management”), an affiliate of the Sponsor and executive officers, for office space and administrative
services provided to members of the management team. Any such payments prior to the initial Business Combination will be made from (i) funds
held outside the Trust Account or (ii) funds released to the Company as permitted withdrawals. In addition, the Company agrees, pursuant
to the services and indemnification agreement with the Sponsor and IPAM relating to the monthly payment for office space and administrative
services provided to members of the management team described above, that the Company will indemnify the Sponsor and IPAM from any claims
arising out of or relating to this offering or the Company’s operations or conduct of the Company’s business or any claim
against the Sponsor and/or IPAM alleging any expressed or implied management or endorsement by the Sponsor and/or IPAM of any of the Company’s
activities or any express or implied association between the Sponsor and/or IPAM, on the one hand, and the Company or any of its other
affiliates, on the other hand, which agreement provides that the indemnified parties cannot access the funds held in the Trust Account.
As of March 30, 2026, the Company incurred and accrued $4,704 in administrative services fees which were included in accrued expenses
in the accompanying balance sheet.
F-11
INFLECTION POINT ACQUISITION CORP. VI
NOTES TO FINANCIAL STATEMENT
Note 5 — Related Party
Transactions (cont.)
Related Party Loans
In order to finance transaction costs in connection
with a Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may,
but are not obligated to, loan the Company funds as may be required. If the Company completes a Business Combination, the Company would
repay the Working Capital Loans. In the event that a Business Combination does not close, the Company may use amounts held outside the
Trust Account to repay the Working Capital Loans but no proceeds from the Trust Account would be used to repay the Working Capital Loans.
Up to $1,500,000 of such Working Capital Loans may be convertible into Private Placement Warrants of the post Business Combination entity
at a price of $1.00 per warrant at the option of the lender. The warrants would be identical to the Private Placement Warrants. As of
March 30, 2026, no such Working Capital Loans were outstanding.
Note 6 — Commitments and
Contingencies
Registration Rights
The holders of the founder shares, Private Placement
Warrants and the Class A ordinary shares underlying such Private Placement Warrants and Private Placement Warrants that may be issued
upon conversion of the Working Capital Loans have registration rights to require the Company to register a sale of any of the Company’s
securities held by them and any other securities of the Company acquired by them prior to the consummation of the initial Business Combination
pursuant to a registration rights agreement signed on the effective date of the Initial Public Offering. The holders of these securities
are entitled to make up to three demands, excluding short form demands, that the Company registers such securities. In addition, the holders
have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of
the initial Business Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements.
Underwriters Agreement
The Company granted the underwriters a 45-day
option from the date of the Initial Public Offering to purchase up to an additional 3,300,000 units to cover over-allotments, if
any. On March 30, 2026, the underwriters exercised their over-allotment option, closing on the 3,300,000 additional units simultaneously
with the Initial Public Offering.
The underwriters were paid a cash underwriting
discount of $4,400,000 upon the closing of the Initial Public Offering on March 30, 2026. Additionally, the underwriters are entitled
to a deferred underwriting discount of $12,045,000 payable only upon the completion of the initial Business Combination.
Note 7 — Shareholder’s
Deficit
Preferred Shares — The
Company is authorized to issue a total of 5,000,000 preference shares at a par value of $0.0001 each. At March 30, 2026, there were no
preference shares issued or outstanding.
Class A Ordinary Shares — The
Company is authorized to issue a total of 500,000,000 Class A ordinary shares at a par value of $0.0001 each. At March 30, 2026,
there were no Class A ordinary shares issued or outstanding, excluding the 25,300,000 shares subject to possible redemption.
Class B Ordinary Shares — The
Company is authorized to issue a total of 50,000,000 Class B ordinary shares at a par value of $0.0001 each. On October 6, 2025,
the Company issued 8,433,333 Class B ordinary shares to the Sponsor for $25,000, or approximately $0.003 per share.
F-12
INFLECTION POINT ACQUISITION CORP. VI
NOTES TO FINANCIAL STATEMENT
Note 7 — Shareholder’s
Deficit (cont.)
Prior to the closing of the initial Business Combination,
only holders of the Class B ordinary shares will be entitled to vote on continuing the Company in a jurisdiction outside the Cayman
Islands (including any special resolution required to amend the constitutional documents of the Company or to adopt new constitutional
documents of the Company, in each case, as a result of the Company approving a transfer by way of continuation in a jurisdiction outside
the Cayman Islands). On any other matters submitted to a vote of the Company’s shareholders prior to or in connection with the completion
of the initial Business Combination, holders of the Class B ordinary shares and holders of the Class A ordinary shares will
vote together as a single class, except as required by law.
The Class B ordinary shares will automatically
convert into Class A ordinary shares immediately prior to, concurrently with or immediately following the consummation of the initial
Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share
capitalizations, reorganizations, recapitalizations and the like, and subject to further adjustment as provided herein. In the case that
additional Class A ordinary shares or equity-linked securities are issued or deemed issued in connection with the initial Business
Combination, the number of Class A ordinary shares issuable upon conversion of all founder shares will equal, in the aggregate, 25%
of the sum of (i) the total number of ordinary shares issued and outstanding after such conversion (after giving effect to any redemptions
of Class A ordinary shares by public shareholders), plus (ii) the sum of the total number of Class A ordinary shares issued
or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company
in connection with or in relation to the consummation of the initial Business Combination, excluding any Class A ordinary shares
or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, deemed issued, or to be issued, to
any seller in the initial Business Combination and any Private Placement equivalent shares issued to the Sponsor, members of the management
team or any of their affiliates upon conversion of the Working Capital Loans; provided that such conversion of founder shares will never
occur on a less than one-for-one basis.
Holders of record of the Company’s Class A
ordinary shares and Class B ordinary shares are entitled to one vote for each share held on all matters to be voted on by shareholders.
Note 8 — Segment Information
FASB ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from which
it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by
the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate resources and assess performance.
The Company’s CODM has been identified as
the Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources
and assessing financial performance. Accordingly, management has determined that the Company only has one reporting segment.
The CODM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that is reported on the statement of operations as net income or loss.
The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making
key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:
March 30,
2026
Cash
$ 2,157,692
Cash held in Trust Account
$ 253,000,000
The CODM reviews the position of total assets
reported on the balance sheet to assess if the Company has sufficient resources available to discharge its liabilities. The CODM is provided
with details of cash and liquid resources available with the Company.
F-13
INFLECTION POINT ACQUISITION CORP. VI
NOTES TO FINANCIAL STATEMENT
Note 9 — Fair Value Measurements
Fair value is defined as the price that would
be received for sale of an asset or paid for transfer of a liability in an orderly transaction between market participants at the measurement
date. US GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy
gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and
the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:
●
Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;
●
Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and
●
Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
In some circumstances, the inputs used to measure
fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is
categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement.
The fair value of the Public Warrants is $3,552,120
or $0.4212 per Public Warrant. The fair value of Public Warrants was determined using Monte Carlo Simulation Model. The Public Warrants
have been classified within shareholders’ deficit and will not require remeasurement after issuance. The following table presents
the quantitative information regarding market assumptions used in the Level 3 valuation of the Public Warrants:
March 30,
2026
Risk free rate
3.84 %
Volatility
9.3 %
Stock price
$ 9.86
Term remaining (years)
2.71
F-14
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Name of the City or Town
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- Definition
Code for the postal or zip code
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- Definition
Name of the state or province.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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X
- Definition
Indicate if registrant meets the emerging growth company criteria.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
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- Definition
Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Securities Act
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-Section B
-Subsection 2
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- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
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No definition available.
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- Definition
Two-character EDGAR code representing the state or country of incorporation.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
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-Section 12
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- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
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-Publisher SEC
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- Definition
Local phone number for entity.
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Title of a 12(b) registered security.
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-Name Exchange Act
-Number 240
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Name of the Exchange on which a security is registered.
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
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- Definition
Trading symbol of an instrument as listed on an exchange.
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
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