InterPrivate III Financial Partners Inc. Announces Extension of Deadline to Complete Initial Business Combination
05 April 2023 - 6:00AM
InterPrivate III Financial Partners Inc. (NYSE American:
IPVF.U, IPVF, IPVF WS) (the “Company”), announced today that its
board of directors (the “Board”) has decided to extend the date by
which the Company must consummate an initial business combination
(the “Deadline Date”) from April 9, 2023 for an additional month,
to May 9, 2023, the second of three potential one-month extensions
of the Deadline Date available to the Company.
The Company’s Amended and Restated Certificate
of Incorporation (the “Charter”) provides the Company the right to
extend the Deadline Date up to three times for an additional one
month each time (each, an “Extension”), from March 9, 2023 to up to
June 9, 2023. As previously disclosed, in December 2022, the Board
had implemented a first Extension and had extended the initial
Deadline Date to April 9, 2023. On March 29, 2023, pursuant
to the Charter, the Board determined to implement a second
Extension to allow additional time for the Company to complete its
initial business combination. In connection with the second
Extension, the Company deposited $120,100.56 for the second month
of the Extension. On April 4, 2023, the Company deposited such
contribution into the Company’s trust account.
About InterPrivate III Financial Partners
Inc.InterPrivate III Financial Partners Inc. is a blank check
company formed for the purpose of effectuating a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or other similar business combination with one or more businesses
(each, a “Business Combination”). The Company is not limited to a
particular industry or sector for purposes of consummating a
Business Combination. The Company is an early stage and emerging
growth company and, as such, the Company is subject to all of the
risks associated with early stage and emerging growth
companies.
Forward-Looking StatementsThis press
release includes “forward-looking statements” within the meaning of
the “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“estimate,” “plan,” “project,” “forecast,” “intend,” “will,”
“expect,” “anticipate,” “believe,” “seek,” “target”, “may”,
“intend”, “predict”, “should”, “would”, “predict”, “potential”,
“seem”, “future”, “outlook” or other similar expressions (or
negative versions of such words or expressions) that predict or
indicate future events or trends or that are not statements of
historical matters. These forward-looking statements are not
guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company’s control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include: the risk that approval of the
Company’s stockholders for the Extension is not obtained; the level
of redemptions made by the Company’s stockholders in connection
with the Extension and its impact on the amount of funds available
in the Company’s trust account to complete an initial business
combination; and those factors discussed in the Company’s Annual
Report on Form 10-K filed with the SEC on March 31, 2022, any
subsequent Quarterly Report on Form 10-Q filed with the SEC and in
the other reports we file with the SEC. The Company does not
undertake any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
ContactJames Pipeir@interprivate.comInterPrivate III
Financial Partners Inc.(212) 920-0125
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