Private company

Inflection Point Acquisition Corp. III

Inflection Point Acquisition Corp. III is a blank check company.1 It is headquartered in New York, New York.1

Last updated Oct 20, 2026.

Overview

$100.0MRevenue, fiscal 20252
$498.4KNet income, fiscal 20252
  • IndustryBlank Checks1
  • HeadquartersNew York, New York1
  • Business address167 Madison Ave, Suite 205 #1017, New York, Ny 100163
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3

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Right ”), with each right entitling the holder thereof to receive one-tenth of one Inflection Point Class A Ordinary Share.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-6.5%Operating margin2
0.5%Net margin2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$99.5M
  • Profit0¢$498.4K

Out of $100.0M in revenue.2

Financial statements

Fiscal year20242025
Revenue$100.0M2
Operating income-$6.5M2
Net income$498.4K2

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Corporate structure

Inflection Point Acquisition Corp. III sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Inflection Point Acquisition Corp. III

  • Hudson Bay Capital Management LP Filed SCHEDULE 13G/A on Inflection Point Acquisition Corp. III, latest Aug 7, 2026 (2 filings since Nov 12, 2025)
  • HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Filed SCHEDULE 13G/A on Inflection Point Acquisition Corp. III, latest Feb 13, 2026 (3 filings since Aug 13, 2025)
  • MMCAP International Inc. SPC Filed SCHEDULE 13G/A on Inflection Point Acquisition Corp. III, latest Feb 13, 2026 (3 filings since Apr 28, 2025)
  • AQR CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Inflection Point Acquisition Corp. III, latest Nov 12, 2025 (2 filings since Aug 12, 2025)
  • Linden Capital L.P. Filed SCHEDULE 13G/A on Inflection Point Acquisition Corp. III, latest Nov 12, 2025 (2 filings since Jun 17, 2025)
  • JPMorgan Chase Filed SCHEDULE 13G/A on Inflection Point Acquisition Corp. III, latest Nov 4, 2025 (2 filings since Oct 17, 2025)
  • Inflection Point Holdings III LLC Filed SCHEDULE 13G on Inflection Point Acquisition Corp. III, latest Aug 14, 2025
  • TENOR CAPITAL MANAGEMENT Co., L.P. Filed SCHEDULE 13G/A on Inflection Point Acquisition Corp. III, latest Aug 14, 2025 (2 filings since May 2, 2025)
  • Inflection Point Acquisition Corp. III New York, New York
    • IPCX Merger Sub, Inc. Subsidiary · Cayman Islands

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Inflection Point Acquisition Corp. III reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.1M2 Dec 31, 2025

Properties, in its own words

We currently maintain our executive offices at 167 Madison Avenue Suite 205 #1017, New York, NY 10016. We consider our current office space adequate for our current operations.

Item 2 of the 10-K filed Mar 31, 2026.5

Leadership

Who has led Inflection Point Acquisition Corp. III, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Peter Ondishin2025–now
Board members and other officers (4)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • IPCX Merger Sub, Inc. Cayman Islands4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 5, 20268-K Shareholder vote15
  2. Jul 29, 20268-K Other events16
  3. Jun 9, 20268-K Entered a material agreement; Regulation FD disclosure17
  4. Apr 24, 20268-K Executive or director change18
  5. Jan 13, 20268-K Regulation FD disclosure; Other events19
  6. Aug 25, 20258-K Entered a material agreement; Unregistered sale of shares; Executive or director change20
  7. Jun 11, 20258-K Other events21
  8. May 5, 20258-K Other events22
  9. Apr 29, 20258-K Entered a material agreement; Unregistered sale of shares; Executive or director change23

Filings

65 filings to the SEC since October 2021: 1 annual reports, 5 quarterly reports, 9 major events, 11 insider forms, 17 large holders, 22 other. The latest 20:

  1. Aug 26, 202615-12G EDGAR
  2. Aug 14, 20264 EDGAR
  3. Aug 13, 202610-Q QUARTERLY REPORT EDGAR
  4. Aug 7, 2026SCHEDULE 13G/A EDGAR
  5. Aug 5, 2026425 CURRENT REPORT EDGAR
  6. Aug 5, 20268-K CURRENT REPORT EDGAR
  7. Jul 29, 2026425 CURRENT REPORT EDGAR
  8. Jul 29, 20268-K CURRENT REPORT EDGAR
  9. Jul 8, 2026DEFM14A PROXY STATEMENT EDGAR
  10. Jun 9, 2026425 CURRENT REPORT EDGAR
  11. Jun 9, 20268-K CURRENT REPORT EDGAR
  12. May 14, 202610-Q QUARTERLY REPORT EDGAR
  13. May 4, 20263 EDGAR
  14. Apr 24, 20268-K CURRENT REPORT EDGAR
  15. Mar 31, 202610-K ANNUAL REPORT EDGAR
  16. Mar 19, 2026425 EDGAR
  17. Feb 13, 2026SCHEDULE 13G/A EDGAR
  18. Feb 13, 2026SCHEDULE 13G/A EDGAR
  19. Jan 13, 2026425 CURRENT REPORT EDGAR
  20. Jan 13, 20268-K CURRENT REPORT EDGAR

The 65 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Inflection Point Acquisition Corp. III is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARInflection Point Acquisition Corp. III1
  • CIK0002012318
  • Employer ID (EIN)00-00000005
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6770 Blank Checks1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address167 Madison Ave, Suite 205 #1017, New York, NY 100161
  • Phone21247669081
  • Shares outstanding26,040,000 Common Class A shares; 8,433,333 Common Class B shares as of Mar 27, 20265
  • Public float$260.3M as of Jun 30, 20255
  • AuditorUHY LLP, New York, New York PCAOB ID 1195; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceNov 25, 20241
  • Filings69 in all: SCHEDULE 13G (10), SCHEDULE 13G/A (10), 8-K (9), 3 (8), 425 (6), 10-Q (5), CORRESP (4), 4 (3)1
    All 19 form types

    S-1/A (3), UPLOAD (2), 10-K (1), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), DEFM14A (1), EFFECT (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Latest 8-K (8-K) Aug 5, 2026

Securities registered for trading

ClassSymbolExchange
Units, each consisting of one Class A ordinary share, $0.0001 par value, and one right to receive one-tenth (1/10) of one Class A ordinary shareIPCXUNasdaq
Class A Ordinary Shares, $0.0001 par valueICPXNasdaq
Rights, each entitling the holder to receive one tenth (1/10) of one Class A ordinary shareICPXRNasdaq

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Inflection Point Acquisition Corp. III names in Item 1A of its 10-K filed Mar 31, 2026: 76 risks under these headings, as written.5

  • Unless otherwise stated, the Risk Factors described below do not assume the closing of the Proposed Business Combination. References to the term “initial business combination” in this section include the Proposed Business Combination where context requires.
  • Risks Relating to Our Search for, and Consummation of or Inability to Consummate, a Business Combination
  • Although we intend to seek shareholder approval in connection with the Proposed Business Combination, our Public Shareholders may not be afforded an opportunity to vote on another proposed initial business combination, and even if we hold a vote, holders of our Founder Shares will participate in such vote, which means we may complete the Proposed Business Combination or another initial business combination even though a majority of our Public Shareholders do not support such a combination.
  • If we seek shareholder approval of our initial business combination, as we intend to do in connection with the Proposed Business Combination, our Sponsor, management team, and Cantor agreed to vote in favor of such initial business combination, regardless of how our Public Shareholders vote.
  • Your only opportunity to effect your investment decision regarding the Proposed Business Combination or another potential business combination may be limited to the exercise of your right to redeem your shares from us for cash.
  • The ability of our Public Shareholders to redeem their Public Shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us to enter into a business combination with a target, if we do not complete the Proposed Business Combination.
  • The ability of our Public Shareholders to exercise redemption rights with respect to a large number of our shares and the amount of deferred underwriting compensation may not allow us to complete the most desirable business combination or optimize our capital structure, and may substantially dilute your investment in us.
  • The ability of our Public Shareholders to exercise redemption rights with respect to a large number of our shares could increase the probability that the Proposed Business Combination or another initial business combination would be unsuccessful and that you would have to wait for liquidation in order to redeem your shares.
  • If we do not complete the Proposed Business Combination, the requirement that we complete our initial business combination within the completion window may give potential target businesses leverage over us in negotiating a business combination and may limit the time we have in which to conduct due diligence on potential business combination targets, in particular as we approach our liquidation deadline, which could undermine our ability to complete our initial business combination on terms that would produce value for our shareholders.
  • We may not be able to complete the Proposed Business Combination or another initial business combination within the completion window, in which case we would redeem our Public Shares.
  • We may decide not to extend the term we have to consummate an initial business combination, in which case we would redeem our Public Shares, and the rights will be worthless.
  • If we seek shareholder approval of our initial business combination, as we intend to do in connection with the Proposed Business Combination, our Sponsor, initial shareholders, directors, officers, advisors and/or their affiliates may elect to purchase shares or public rights from Public Shareholders, which may influence a vote on the Proposed Business Combination or another initial business combination and reduce the public “float” of our Class A Ordinary Shares or Public Rights.
The other 64 risks
  • If a shareholder fails to receive notice of our offer to redeem our Public Shares in connection with our initial business combination, or fails to comply with the procedures for submitting or tendering its shares, such shares may not be redeemed.
  • You will not be entitled to protections normally afforded to investors of other blank check companies subject to Rule 419 of the Securities Act.
  • If we seek shareholder approval of our initial business combination, as we intend to do in connection with the Proposed Business Combination, and we do not conduct redemptions pursuant to the tender offer rules, and if you or a “group” of shareholders are deemed to hold in excess of 15% of the then-outstanding Public Shares, you will lose the ability to redeem all such shares in excess of 15% of the then-outstanding Public Shares.
  • Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete the Proposed Business Combination or another initial business combination. If we are unable to complete the Proposed Business Combination or another initial business combination, our Public Shareholders may receive only their pro rata portion of the funds in the Trust Account that are available for distribution to Public Shareholders, and our rights will expire worthless.
  • If the net proceeds of our IPO and the sale of the Private Placement Units not being held in the Trust Account, plus permitted withdrawals, are insufficient to allow us to operate for at least the duration of the completion window, it could limit the amount available to fund our search for a target business or businesses and our ability to complete the Proposed Business Combination or another initial business combination, and we will depend on loans from our Sponsor, its affiliates or our management team to fund our search and to complete our initial business combination.
  • If third parties bring claims against us, the proceeds held in the Trust Account could be reduced and the per-share redemption amount received by shareholders may be less than $10.00 per share.
  • Our directors may decide not to enforce the indemnification obligations of our Sponsor, resulting in a reduction in the amount of funds in the Trust Account available for distribution to our Public Shareholders.
  • We may not have sufficient funds to satisfy indemnification claims of our directors and officers.
  • The securities in which we may invest the funds held in the Trust Account could bear a negative rate of interest, which could reduce the interest income available for payment of taxes or reduce the value of the assets held in trust such that the per-share redemption amount received by Public Shareholders may be less than $10.00 per Public Share.
  • If, after we distribute the proceeds in the Trust Account to our Public Shareholders, we file a bankruptcy or insolvency petition or an involuntary bankruptcy or insolvency petition is filed against us that is not dismissed, a bankruptcy or insolvency court may seek to recover such proceeds, and the members of our board of directors may be viewed as having breached their fiduciary duties to our creditors, thereby exposing the members of our board of directors and us to claims of punitive damages.
  • If, before distributing the proceeds in the Trust Account to our Public Shareholders, we file a bankruptcy or insolvency petition or an involuntary bankruptcy or insolvency petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of our shareholders and the per-share amount that would otherwise be received by our shareholders in connection with our liquidation may be reduced.
  • If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete the Proposed Business Combination or another initial business combination or force us to abandon our efforts to complete the Proposed Business Combination or another initial business combination.
  • Changes to laws or regulations or in how such laws or regulations are interpreted or applied, or a failure to comply with any laws, regulations, may adversely affect our business, including our ability to negotiate and complete the Proposed Business Combination or another initial business combination and results of operations.
  • Our search for an initial business combination, including the Proposed Business Combination with Air Water, and any target business with which we ultimately consummate an initial business combination, may be materially adversely affected by events that are outside of our control, such as increased geopolitical unrest, pandemic outbreaks, and volatility in the debt and equity markets.
  • If we are unable to consummate the Proposed Business Combination or another initial business combination within the completion window, our Public Shareholders may be forced to wait beyond such period before redemption from our Trust Account.
  • Our shareholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares.
  • We may not hold an annual general meeting until after the consummation of the Proposed Business Combination or another initial business combination, which could delay the opportunity for our shareholders to appoint directors.
  • If we do not complete the Proposed Business Combination with Air Water, when we look for an alternative business combination target, we will not be limited to evaluating a target business in a particular industry sector, investors will be unable to ascertain the merits or risks of any particular target business’s operations.
  • We may seek business combination opportunities in industries or sectors that may be outside of our management’s areas of expertise.
  • Although we have identified general criteria and guidelines that we believe are important in evaluating prospective target businesses, we may enter into our initial business combination with a target that does not meet such criteria and guidelines, and as a result, the target business with which we enter into our initial business combination may not have attributes entirely consistent with our general criteria and guidelines.
  • We are not required to obtain an opinion from an independent investment banking firm or from another independent entity that commonly renders valuation opinions, and consequently, you may have no assurance from an independent source that the price we are paying for the business is fair to our shareholders from a financial point of view.
  • Unlike some other similarly structured SPACs, our initial shareholders will receive additional Class A Ordinary Shares if we issue certain shares to consummate an initial business combination, other than the Proposed Business Combination with Air Water.
  • We may issue shares to investors in connection with the Proposed Business Combination or another initial business combination at a price which is less than $10.00 or the prevailing market price of our shares at that time, which could materially dilute the interests of our existing shareholders and add costs.
  • Resources could be wasted in researching and pursuing potential initial business combinations (including the Proposed Business Combination) that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we are unable to complete the Proposed Business Combination or another initial business combination, our Public Shareholders may only receive their pro rata portion of the funds in the Trust Account that are available for distribution to Public Shareholders, and our rights will expire worthless.
  • If we do not complete the potential Business Combination with Air Water, we may engage in a business combination with one or more target businesses that have relationships with entities that may be affiliated with our Sponsor, officers, directors or existing holders which may raise potential conflicts of interest.
  • We, or the surviving company, may issue notes or other debt securities, or otherwise incur substantial debt, to complete the Proposed Business Combination or another initial business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.
  • We will likely only be able to complete one business combination with the proceeds of our IPO and the sale of the Private Placement Units, which will cause us to be solely dependent on a single business which may have a limited number of products or services. This lack of diversification may negatively impact our operations and profitability.
  • If we do not complete the Proposed Business Combination, we may attempt to simultaneously complete business combinations with multiple prospective targets, which may hinder our ability to complete our initial business combination and give rise to increased costs and risks that could negatively impact our operations and profitability.
  • We are attempting to complete the Proposed Business Combination with Air Water, a private company, and if we do not complete the Proposed Business Combination, we may attempt to complete our initial business combination with a private company about which little information is available, which may result in a business combination with Air Water or another company that is not as profitable as we believed, if at all.
  • We do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete the Proposed Business Combination or another initial business combination with which a substantial majority of our shareholders do not agree.
  • In order to effectuate an initial business combination, SPACs have, in the recent past, amended various provisions of their charters and other governing instruments. We cannot assure you that we will not seek to amend our amended and restated memorandum and articles of association or governing instruments in a manner that will make it easier for us to complete the Proposed Business Combination or another initial business combination that our shareholders may not support.
  • We may be unable to obtain additional financing to complete the Proposed Business Combination or another initial business combination or to fund the operations and growth of Air Water or another target business, which could compel us to restructure or abandon the Proposed Business Combination or another particular business combination.
  • Our Sponsor controls a substantial interest in us and thus may exert a substantial influence on actions requiring a shareholder vote, potentially in a manner that you do not support.
  • We may not be able to complete the Proposed Business Combination or another initial business combination since such initial business combination may be subject to regulatory review and approval requirement, including foreign investment regulations and review by government entities such as the Committee on Foreign Investment in the United States (“CFIUS”), or may be ultimately prohibited.
  • Because we must furnish our shareholders with target business financial statements, we may lose the ability to complete an otherwise advantageous initial business combination with some prospective target businesses.
  • Compliance obligations under the Sarbanes-Oxley Act may make it more difficult for us to effectuate the Proposed Business Combination or another initial business combination, require substantial financial and management resources, and increase the time and costs of completing the Proposed Business Combination or another initial business combination.
  • In recent years, the number of SPACs that have completed initial business combinations with target companies has increased substantially and there remain a large number of SPACs that are searching for initial business combination targets, potentially resulting in more competition for remaining attractive targets. This could increase the cost of the Proposed Business Combination or another initial business combination and could even result in our inability to find a target or to consummate an initial business combination, including the Proposed Business Combination with Air Water.
  • Risks Relating to the Post-Business Combination Company
  • Subsequent to our completion of the Proposed Business Combination or another initial business combination, we may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and the price of our securities, which could cause you to lose some or all of your investment.
  • The officers and directors of Air Water or another acquisition candidate may resign upon completion of the Proposed Business Combination or another initial business combination. The loss of Air Water’s or another business combination target’s key personnel could negatively impact the operations and profitability of our post-combination business.
  • Our management may not be able to maintain control of Air Water after the Proposed Business Combination, and if we do not complete the Proposed Business Combination, may not be able to maintain control of another target business after our initial business combination. We cannot provide assurance that, upon loss of control of a target business, new management will possess the skills, qualifications or abilities necessary to profitably operate such business.
  • We may have a limited ability to assess the management of Air Water or another prospective target business and, as a result, may effect our initial business combination with a target business whose management may not have the skills, qualifications or abilities to manage a public company.
  • We have in the past sought, and if the Proposed Business Combination is not completed, may in the future seek, business combination opportunities with a high degree of complexity that require significant operational improvements, which could delay or prevent us from achieving our desired results.
  • The Proposed Business Combination or another initial business combination and our structure thereafter may not be tax-efficient to our investors. As a result of the Proposed Business Combination or another initial business combination, our tax obligations may be more complex, burdensome and/or uncertain.
  • Risks Relating to Acquiring and Operating a Business in Foreign Countries
  • If we effect our initial business combination with a company located outside of the United States, as we intend to do with Air Water in the Proposed Business Combination, we would be subject to a variety of additional risks that may adversely affect us.
  • We may reincorporate in another jurisdiction, which may result in taxes imposed on shareholders or rights holders.
  • We may reincorporate in or transfer by way of continuation to another jurisdiction in connection with our initial business combination, and the laws of such jurisdiction may govern some or all of our future material agreements and we may not be able to enforce our legal rights.
  • We are subject to changing law and regulations regarding regulatory matters, corporate governance and public disclosure that have increased both our costs and the risk of non-compliance.
  • If our management following the Proposed Business Combination or another initial business combination is unfamiliar with United States securities laws, they may have to expend time and resources becoming familiar with such laws, which could lead to various regulatory issues.
  • Exchange rate fluctuations and currency policies may cause a target business’s ability to succeed in the international markets to be diminished.
  • After our initial business combination, substantially all of our assets may be located in a foreign country and substantially all of our revenue will be derived from our operations in such country. Accordingly, our results of operations and prospects will be subject, to a significant extent, to the economic, political and legal policies, developments and conditions in the country in which we operate.
  • Risks Relating to our Management Team
  • We are dependent upon our officers and directors and their loss, or a reduction in the amount of time they can dedicate to the Proposed Business Combination or another initial business combination, could adversely affect our ability to operate.
  • Our ability to successfully effect the Proposed Business Combination or another initial business combination and to be successful thereafter will be dependent upon the efforts of our key personnel, some of whom may join us following the Proposed Business Combination or another initial business combination. The loss of key personnel could negatively impact the operations and profitability of our post-combination business.
  • Our key personnel may negotiate employment or consulting agreements with a target business in connection with the Proposed Business Combination or another initial business combination, and a particular business combination may be conditioned on the retention or resignation of such key personnel. These agreements may provide for them to receive compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining whether a particular business combination is the most advantageous.
  • Our officers and directors will allocate their time to other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to complete our initial business combination, including the Proposed Business Combination.
  • Our officers, directors and director nominees presently have, and any of them in the future may have additional, fiduciary or contractual obligations to other entities, including other SPACs, and, accordingly, may have conflicts of interest in allocating their time and in determining to which entity a particular business opportunity should be presented.
  • Our officers, directors, security holders and their respective affiliates may have competitive pecuniary interests that conflict with our interests.
  • Members of our management team and board of directors have significant experience as board members, officers or executives of other companies. As a result, certain of those persons have been, may be, or may become, involved in proceedings, investigations and litigation relating to the business affairs of the companies with which they were, are, or may in the future be, affiliated. This may have an adverse effect on us, which may impede our ability to consummate an initial business combination, including the Proposed Business Combination with Air Water.
  • Members of our management team and affiliated companies may have been, and may in the future be, involved in civil disputes or governmental investigations unrelated to our business.
  • Our letter agreement with our Sponsor and management team may be amended without shareholder approval.
  • Risks Relating to our Securities
  • You will not have any rights or interests in funds from the Trust Account, except under certain limited circumstances. Therefore, to liquidate your investment, you may be forced to sell your Public Shares or rights, potentially at a loss.
  • Nasdaq may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.
  • Our initial shareholders paid an aggregate of $25,000, or approximately $0.003 per Founder Share and, accordingly, our IPO investors experienced immediate and substantial dilution from the purchase of our Class A Ordinary Shares.
  • The nominal purchase price paid by our Sponsor for the Founder Shares may significantly dilute the implied value of your Public Shares in the event we consummate an initial business combination, including the Proposed Business Combination with Air Water, and our Sponsor is likely to make a substantial profit on its investment in us in the event we consummate an initial business combination, even if the business combination causes the trading price of our ordinary shares to materially decline.
  • Because we are incorporated under the laws of the Cayman Islands, you may face difficulties in protecting your interests, and your ability to protect your rights through the U.S. Federal courts may be limited.

Legal proceedings

There is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our management team in their capacities as such.

The opening of Item 3, Legal Proceedings.5

Sources

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