InterPrivate III Financial Partners Inc. Announces Extension of Deadline to Complete Initial Business Combination
07 July 2023 - 6:05AM
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 July 9, 2023 for an additional month, to
August 9, 2023, the second of nine 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 nine times for an additional one
month each time (each, an “Extension”), from June 9, 2023 to up to
March 9, 2024. On June 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 $21,000
for the second month of the Extension. On June 30, 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 Statements This 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 April 17, 2023, 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.
Contact James Pipeir@interprivate.comInterPrivate III
Financial Partners Inc.(212) 920-0125
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