Aug 2025
Conyers is acting as Cayman Islands legal counsel to Inflection Point Acquisition Corp. III (Nasdaq: IPCX), a special purpose acquisition company, on its entry into a US$419 million business combination agreement with A1RWATER, which will result in the combined company, Air Water Ventures Limited, becoming a publicly traded company upon completion of the business combination (subject to closing conditions).
A1RWATER is a global leader in atmospheric water generation, with a mission to become the most sustainable source of water in the world. The company will use the proceeds of the business combination to accelerate the growth of its US operations.
Upon closing of the business combination, the combined company will be named Air Water Ventures Limited, and its ordinary shares will be listed on the Nasdaq Stock Market under the symbol “WATR”.
IPCX is the third SPAC sponsored by the Inflection Point team and the second SPAC for which Conyers, working alongside White & Case LLP as lead legal counsel, have advised on both the initial public offering and business combination transaction.
The Conyers team is led by mergers and acquisitions Partner Alex Davies, Counsel Matthew Harkness, Senior Associate Mauricio Da Rocha and Associate Daniel Cannon.