Inflection Point Acquisition Corp. III

04/24/2026 | Press release | Distributed by Public on 04/24/2026 15:25

Management Change/Compensation (Form 8-K)

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 24, 2026, the board of directors (the "Board") of Inflection Point Acquisition Corp. VI (the "Company") appointed Jae Hyun (James) Park to the Board. Mr. Park was appointed to serve as a Class II director with a term expiring at the Company's second annual meeting of stockholders.

The Board appointed Mr. Park, who was determined to be an "independent director" as defined in the applicable rules of The Nasdaq Stock Market LLC and the applicable rules of the U.S. Securities and Exchange Commission (the "Commission"), to the Board's Audit Committee as a member.

Jae Hyun (James) Park, 59, is an investment professional and executive with extensive experience in cross-border capital markets, SPAC transactions, and natural resources investments. Mr. Park currently serves as Executive Chairman of Keystone Acquisition Corp., a special purpose acquisition company established in the Cayman Islands in November 2025, where he leads sponsor activities, capital formation, and strategic execution of the company's business combination objectives. He is also the Managing Member of Keystone International Acquisition Management LLC, a Delaware-based entity formed in November 2025 that manages and operates the sponsor activities of Keystone Acquisition Corp. From March 2021 to December 2025, Mr. Park served as Representative of East Asia for USA Rare Earth, where he was responsible for capital raising initiatives and business development across the region. Earlier in his career, Mr. Park was a Certified Public Accountant (CPA) licensed in the State of New York and spent approximately ten years at KPMG, where he worked in both external and internal audit functions. During this time, he developed extensive expertise in financial reporting, auditing, and internal controls across a range of industries. Mr. Park has significant experience in structuring and executing investments across private equity, SPACs, and commodities sectors, and works closely with family offices and institutional investors globally on cross-border transactions and capital formation initiatives.

On April 24, 2026, the Company entered into an indemnity agreement (the "Indemnity Agreement") with Mr. Park, pursuant to which the Company has agreed to provide contractual indemnification to Mr. Park, in addition to the indemnification provided in the Company's Amended and Restated Memorandum and Articles of Association, against liabilities that may arise by reason of his service on the Board, and to advance expenses incurred as a result of any proceeding against Mr. Park as to which he could be indemnified, in the form previously entered into by and between the Company and each of its other directors in connection with the Company's initial public offering.

On April 24, 2026, the Company entered into a letter agreement with Mr. Park (the "Letter Agreement") on substantially the same terms as the form of letter agreement previously entered into by and between the Company and each of its other directors in connection with the Company's initial public offering.

The foregoing descriptions of the Indemnity Agreement and the Letter Agreement do not purport to be complete and are qualified in their entireties by reference to the form of indemnity agreement and the Letter Agreement, copies of which are attached as Exhibit 10.1 and Exhibit 10.2 hereto, respectively, and are incorporated herein by reference.

There are no arrangements or understandings between Mr. Park and any other persons pursuant to which Mr. Park was selected as a director of the Company. There are no family relationships between Mr. Park and any of the Company's other directors or executive officers and Mr. Park does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

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