Inflection Point Acquisition Corp. III Amends Business Combination Agreement
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Source: Stockwatch
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Inflection Point Acquisition Corp. III (IPCX) announced an amendment to its Business Combination Agreement with Air Water Ventures Holdings Limited. The amendment reduces the aggregate base consideration to be paid to holders of ordinary shares from $300 million to $200 million.
It also modifies the earnout provisions, lowering the maximum number of ordinary shares issuable from 30 million to 20 million and adjusting the triggering events based on revenue and EBITDA run rates.
Additionally, an updated investor presentation was furnished.
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