Morgan Lewis Advises A1R water on Closing of Business Combination with Inflection Point Acquisition Corp. III
2026年08月17日NEW YORK and MIAMI, August 17, 2026: Morgan Lewis advised A1R water, an atmospheric water generation company, on the completion of its business combination with Inflection Point Acquisition Corp. III (Nasdaq: IPCX), a special purpose acquisition company (SPAC) sponsored by an affiliate of Inflection Point Asset Management. The combined company will begin trading its ordinary shares on the Nasdaq Stock Market under the ticker symbol “WATR” on August 17, 2026.
In connection with the transaction, A1R water secured a fully committed $96 million private investment in public equity (PIPE) backed by Inflection Point, existing investors, and several institutional investors. The proceeds are expected to support the combined company’s plans to increase water production, broaden its retail distribution, and expand the commercial market for atmospheric water generation.
A1R water develops and manufactures air-to-water technology that produces clean drinking water from atmospheric humidity. Its offerings range from consumer systems to industrial-scale units designed to support utility-scale water farms.
The cross-border Morgan Lewis team included partners Russell Franklin, Thurston Hamlette, and Etienne Shanon and associates Samuel Worth, Jeanette Kernizan Adelson, Jessica Barrera, Ann Reynolds, Shabeena Sharak, Hana Cho, Matthew De Cataldo, Samuel Hare, and David Bionghi, with partners Mark Geday, Andrew Callaghan, Charles Bogle, Richard Zarin, Mark Gilligan, Crystal Fang, Gina Lyn Lauriero, and Rahul Patel and of counsel Timothy Durbin.