Inflection Point III to merge with Air Water Ventures in $300M SPAC business combination

Inflection Point Acquisition Corp. III

Entered into Business Combination Agreement with Air Water Ventures Holdings Limited; merger targeted for Q1 2026.
SPAC shareholders will receive PubCo ordinary shares; Air Water shareholders receive shares based on $300M valuation.
Earnout of up to 30M PubCo ordinary shares tied to revenue milestones ($25M quarterly by June 2026, $50M by Dec 2026) and EBITDA ($12.5M) or stock price $20+.
Sponsor support agreement includes voting commitment and waiver of redemption rights.
Closing conditions include HSR, Nasdaq listing, shareholder approvals; termination date August 25, 2026.

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