Inflection Point Acquisition Corp V-A 2025年度报告

FORM 10-K ☒Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2025 ☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period fromto Commission File Number 001-42518 INFLECTION POINT ACQUISITION CORP. V(Exact name of registrant as specified in its charter) Cayman IslandsN/A(State or Other Jurisdictionof Incorporation)(I.R.S. EmployerIdentification No.) 167 Madison Ave, Suite 205 #1017New York, NY10016 (Address of Principal Executive Offices)(Zip Code) (212) 476-6908(Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Actof 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirement for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer Accelerated filer☐Smaller reporting company☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ The aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant as of June 30, 2025,the last business day of the Registrant’s most recently completed second fiscal quarter, computed by reference to the closing price ofthe Class A Ordinary Shares reported on the Nasdaq Global Market (“Nasdaq”) on June 30, 2025, of $10.09 per share, wasapproximately $87,026,250. As of March 23, 2026, 10,919,375 Class A Ordinary Shares, par value $0.0001 per share, and 990,000 Class B Ordinary Shares, parvalue $0.0001 per share, were issued and outstanding. Documents Incorporated by Reference: None. INFLECTION POINT ACQUISITION CORP. VFORM 10-K TABLE OF CONTENTS PART I1Item 1.Business1Item 1A.Risk factors10Item 1B.Unresolved Staff Comments40Item 1C.Cybersecurity40Item 2.Property40Item 3.Legal Proceedings40Item 4.Mine Safety Disclosures40PART II41Item 5.Market for Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities41Item 6.[Reserved]42Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations42Item 7A.Quantitative and Qualitative Disclosures about Market Risk44Item 8.Financial Statements and Supplementary Data45Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure45Item 9A.Controls and Procedures45Item 9B.Other Information45Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections45PART III46Item 10.Directors and Executive Officers of the Registrant46Item 11.Executive Compensation52Item 12.Security Ownership of Certain Beneficial Owners and Management and relat