InterPrivate III Financial Partners Inc. Announces Extension of Deadline to Complete Initial Business Combination
November 02 2023 - 5:17PM
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 November 9, 2023 for an additional
month, to December 9, 2023, the sixth 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 November 1, 2023, pursuant to the Charter, the
Board determined to implement a sixth Extension to allow additional
time for the Company to complete its initial business combination.
In connection with the sixth Extension, the Company deposited
$21,000 for the sixth month of the Extension. On November 2, 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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