New York, NY, Dec. 15, 2022 (GLOBE NEWSWIRE) -- InterPrivate III Financial Partners Inc. (the "Company") (NYSE: IPVF) today announced that in order to mitigate the current uncertainty surrounding the implementation of the Inflation Reduction Act of 2022, in the event that the extension (the "Extension") of the time period the Company has to complete an initial business combination (the "Business Combination") is approved and implemented as described in the Definitive Proxy Statement (defined below) funds in trust, including any interest earned thereon, will not be used to pay any excise tax liabilities with respect to any future redemptions that occur after December 31, 2022 and prior to or in connection with a Business Combination or liquidation of the Company.
Additionally, the Company announced if the Extension is approved and implemented, (i) the Company plans to deposit the remaining amount of funds from its trust account into a variable interest bearing account currently expected to yield approximately 3.0% per annum following the 24 month anniversary of its IPO and (ii) the Company will contribute funds from its working capital account, or if such working capital account is depleted, then InterPrivate Acquisition Management III, LLC, the Company's sponsor (the "Sponsor") (or a designee), will deposit, in an amount determined by multiplying $0.06 by the number of public shares outstanding following any redemptions of public shares effected in connection with the Special Meeting, up to a maximum of $210,000 per month and $630,000 in the aggregate if all three extensions are implemented, instead of the fixed amount of $25,000 per month described in the Definitive Proxy Statement.
There can be no assurance that the Company's stockholders will approve the Extension Amendment Proposal and/or the Liquidation Amendment Proposal (together, the "Proposals") at the Special Meeting, and if such approvals are not obtained the Company will redeem the public shares pursuant to the terms of its amended and restated certificate of incorporation (the "Charter") and its trust agreement.
Pursuant to the Charter, the Company has until March 9, 2023 to consummate an initial business combination. If the Company has not completed an initial business combination within the applicable required time, the Company will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter subject to lawfully available funds therefor, redeem 100% of the Offering Shares in consideration of a per-share price, payable in cash, equal to the quotient obtained by dividing (A) the aggregate amount then on deposit in the trust account, including interest not previously released to the Company to pay its taxes (less up to $100,000 of interest to pay dissolution expenses), by (B) the total number of then outstanding Offering Shares, which redemption will completely extinguish rights of the Public Stockholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Board in accordance with applicable law, dissolve and liquidate, subject in each case to the Company's obligations under the DGCL to provide for claims of creditors and other requirements of applicable law.
About InterPrivate III Financial Partners Inc.
InterPrivate III Financial Partners Inc. (the "Company") is a blank check company incorporated in Delaware on September 10, 2020. It was originally incorporated under the name "InterPrivate II Financial Holdings Corp.", but the Company changed its name to "InterPrivate III Financial Partners Inc." on January 6, 2021. The Company was 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.
Participants in the Solicitation
The Company and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies from the Company's stockholders in respect of the Extension. Information regarding the Company's directors and executive officers is available in its annual report on Form 10-K filed with the SEC. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests are contained in the Proxy Statement (defined below).
No Offer or Solicitation
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Additional Information
The Company has filed with the Securities and Exchange Commission (the "SEC") a definitive proxy statement (the "Proxy Statement") in connection with the special meeting of the stockholders (the "Meeting") to consider and vote upon the Extension and other matters and, beginning on December 5, 2022, mailed the Proxy Statement and other relevant documents to its stockholders as of the November 23, 2022 record date for the Meeting. The Company's stockholders and other interested persons are advised to read the Proxy Statement and any other relevant documents that have been or will be filed with the SEC in connection with the Company's solicitation of proxies for the Meeting because these documents will contain important information about the Company, the Extension and related matters. Stockholders may also obtain a free copy of the Proxy Statement, as well as other relevant documents that have been or will be filed with the SEC, without charge, at the SEC's website located at www.sec.gov or by directing a request to Morrow Sodali LLC, at (203) 658-9400 (call collect), (800) 662-5200 (call toll-free), or by sending an email to IPVI.info@investor.morrowsodali.com.
Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Charlotte Luer
Marketing
cluer@interprivate.com
InterPrivate IV InfraTech Partners Inc.
(212)-634-0826
ニューヨーク,ニューヨーク,2022年12月15日(Global Newswire)--InterPrivate III Financial Partners Inc.(以下“会社”と略す)(ニューヨーク証券取引所コード:IPVF)は本日,2022年の“インフレ低減法案”の実施をめぐる現在の不確実性を緩和するために,会社が初期業務合併を完了しなければならない期間の延長(“延長”)が承認され,最終委託書(以下の定義)信託基金に従って,それによって得られた任意の利息を含めて実施されることを発表した。2022年12月31日以降および会社の業務合併または清算前またはそれに関連する任意の未来償還の任意の消費税義務を支払うために使用されない。
また、当社は、承認と実施を延期すれば、(I)当社はその信託口座の残り資金を可変利息口座に入金する予定であり、現在、初公募株24カ月後の年間収益率は約3.0%と予想されており、(Ii)当社はその運営資金口座から出資するか、またはその運営資本口座が枯渇した場合、会社の保証人(または指定者)InterPrivate Acquisition Management III,LLCを入金すると発表した。金額は、特別会議に関連する任意の公衆株式を償還した後に発行された公衆株式数に0.06ドルを乗じて決定され、毎月最高金額は210,000ドルであり、すべての3回の延期が実施された場合、最終依頼書に記載されている固定額ではなく、合計630,000ドルとなる。
当社の株主が特別会議で延期改訂提案及び/又は清算改訂提案(総称して“提案”と呼ぶ)を承認することは保証されず、承認されなければ、当社は改訂及び再記載された会社登録証明書(“定款”)及びその信託協定の条項に基づいて公衆株式を償還する。
憲章によると、会社は2023年3月9日までに予備業務統合を完了しなければならない。もし会社が適用された所定時間内に初期業務合併を完了していない場合、会社は:(I)清算目的以外のすべての業務を停止し、(Ii)合理的に可能な場合にはできるだけ早く発行株式の100%を償還するが、10営業日を超えてはならないが、合法的な利用可能資金の制限を受け、100%の発行株式を償還しなければならず、代償は1株当たりの価格であり、現金で支払うことができ、(A)当時信託口座に入金された総金額に相当し、以前会社に発行されていなかった税金を支払うための利息(解散費用を支払うための利息、最高10万ドル以下)を含む。(B)当時発行された発売株式の総数(適用法律の規定による)償還は、公衆株主の権利を完全に消滅させる(更なる清算分配(ある)権利を含む)、及び(Iii)償還後に合理的可能な範囲内でできるだけ早く解散及び清算しなければならない。ただし、残りの株主及び取締役会が適用法律に基づいて承認した後、各ケースにおいて、当社がDGCL項の下で債権者債権について規定する責任及び適用法律の他の規定により制限されなければならない。
InterPrivate III金融パートナー会社の概要
InterPrivate III Financial Partners Inc.(以下“会社”と略す)は空白小切手会社であり、2020年9月10日にデラウェア州に登録設立された。同社は当初“InterPrivate II Financial Holdings Corp.”という名称で設立されたが,同社は“InterPrivate III Financial Partners Inc.”と改称した。2021年1月6日。当社の設立の目的は、1つまたは複数の企業との合併、株式交換、資産買収、株式購入、再編または他の同様の業務合併(各事業を1つまたは複数の業務組合に統合すること)である。当社は企業合併を完了するための特定の業界や部門に限定されません。当社は早期および新興成長型会社であるため、当社は早期および新興成長型会社に関するすべてのリスクを負う必要がある。
活動の参加者を募集する
当社及びその役員、役員及びその他の者は、当社株主への委託書募集を延期する活動に参加していると見なすことができる。会社役員や役員に関する情報は,米国証券取引委員会に提出されたForm 10−K年次報告で得ることができる。依頼書募集参加者の他の情報とその直接的·間接的利益に関する説明は依頼書に掲載されている(定義は後述).
要約やお願いはありません
本通知は、売却要項を構成したり、いかなる証券を購入する要項を求めたりしてはならないし、いかなる司法管区区の証券法律に規定されている登録又は資格登録の前に、いかなる司法管区で要約を売却し、勧誘又は売却するか、違法になるいかなる証券を売却してはならない。株式募集説明書が改正された“1933年証券法”第10節の要求に適合しない限り、証券を発行してはならない。
情報を付加する
当社は、延期その他のことを考慮し、2022年12月5日から委託書及びその他の関連文書を2022年11月23日の会議記録日までに株主総会(“会議”)に関する最終委託書(“依頼書”)を米国証券取引委員会(“米国証券取引委員会”)に提出した。当社の株主及びその他の利害関係者に、委託書を読んで、当社、延期及び関連事項に関する重要な情報が含まれるので、米国証券取引委員会に提出又は提出された当社募集委託書に関する他の任意の関連文書を提案する。株主はまた、委託書のコピーと、米国証券取引委員会に届出された他の関連文書とを無料で得ることができ、URLは:米国証券取引委員会Wwwv.sec.govあるいは、Morrow Sodali LLCに直接要求し、電話:(203)658-9400(コレクトコール)、(800)662-5200(無料電話)、またはIPVI.info@investor.morrowsodali.comに電子メールを送信する。
前向きに陳述する
本プレスリリースには、会社代表が時々行った口頭声明には、改正された1933年証券法第27 A節と改正された1934年証券取引法第21 E節に示された“前向き声明”が含まれる可能性がある。本プレスリリースに含まれる可能性のある業務合併及びその融資及び関連事項に関する陳述、及び歴史的事実陳述以外のすべての陳述は前向き陳述である。本プレスリリースでは,“予想”,“信じる”,“継続”,“可能”,“推定”,“予想”,“予定”,“可能”,“可能”,“計画”,“可能”,“潜在”,“予測”,“計画”,“プロジェクト”,“すべき”,“会する”などの語彙と,我々や我々の管理チームに関する類似表現を用いて前向きな陳述である.これらの前向きな陳述は、経営陣の信念と、会社経営陣が行っている仮説と現在把握している情報に基づいている。会社が米国証券取引委員会に提出した文書に詳述されているいくつかの要因により、実際の結果は前向き陳述で予想されていたものと大きく異なる可能性がある。私たちまたは私たちを代表する人に起因するすべての後続の書面または口頭前向き陳述は、この段落によって制限される。展望性陳述は多くの条件の制約を受け、その中の多くの条件は当社が米国証券取引委員会に提出した登録説明書と株式募集説明書のリスク要素の部分的に記載された条件を含む当社がコントロールできるものではない。法律の要件を除いて、当社は、本プレスリリースの日後にこれらの声明を更新して改訂または変更を行う義務を負いません。
連絡先:
シャーロット·ルル
マーケティングをする
メール:Cluer@interPriate.com
InterPrivate IV Infratech Partners Inc.
(212)-634-0826