Business
A1R WATER, the Groundbreaking Atmospheric Water Generation Company, to Go Public on Nasdaq through Business Combination with Inflection Point Acquisition Corp. III
A1R WATER builds, owns and operates water farms and bottling plants where they package and sell finished beverage products to a marquee list of hotels, real estate developers, events venues and sports teamsProposed transaction values A1R WATER at a pro forma enterprise value of $419 millionProposed transaction includes a fully committed PIPE investment $63.5 million, $32.5 million of which was funded at signing of the Business Combination AgreementPIPE investment led by SPAC sponsor Inflection P
About this update from Inflection Point Acquisition Corp. Iii
[{"type":"list","items":[{"val":[{"type":"text","content":"A1R WATER builds, owns and operates water farms and bottling plants where they package and sell finished beverage products to a marquee list of hotels, real estate developers, events venues and sports teams","length":206,"tagName":"p"}]},{"val":[{"type":"text","content":"Proposed transaction values A1R WATER at a pro forma enterprise value of $419 million","length":85,"tagName":"p"}]},{"val":[{"type":"text","content":"Proposed transaction includes a fully committed PIPE investment $63.5 million, $32.5 million of which was funded at signing of the Business Combination Agreement","length":161,"tagName":"p"}]},{"val":[{"type":"text","content":"PIPE investment led by SPAC sponsor Inflection Point Asset Management includes strategic investment from new shareholders including Southern Glazer’s Wine & Spirits through its corporate growth, venture, and strategic acquisitions arm, SG Ventures; these partners join existing investors including Tau Capital, anchored by the Royal Group of Abu Dhabi, which has been A1R WATER’s largest investor since February 2024","length":420,"tagName":"p"}]},{"val":[{"type":"text","content":"Transaction use of proceeds primarily focused on the expansion of the A1R WATER USA business including a second US-based water plant as well as the launch of consumer and government services businesses","length":201,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1073,"olType":false},{"type":"text","content":"Miami, FL and New York, NY, Aug. 25, 2025 (GLOBE NEWSWIRE) -- A1R WATER, a global leader in atmospheric water generation, and Inflection Point Acquisition Corp. III, a publicly traded special purpose acquisition company (Nasdaq: IPCX) today announced that they have entered into a definitive agreement for a business combination. Upon closing of the business combination, the combined company will be named Air Water Ventures Limited, and its ordinary shares will be listed on the Nasdaq Stock Market under the symbol “WATR”. Additional context and commentary, including a Transaction Overview, can be found at A1RWATER.com.","length":625,"tagName":"p"},{"type":"text","content":"Founded in 2018, A1R WATER has spent eight years evolving decades-old dehumidification technology into a commercial scale native source of drinking water, with over 30 million gallons of BPA- and mi...