Inflection Point Acquisition Corp. III has announced a business combination with A1R WATER, a leader in atmospheric water generation, which will see the company go public on Nasdaq. The transaction values A1R WATER at a pro forma enterprise value of $419 million. As part of the deal, a fully committed PIPE investment of $63.5 million has been secured, with $32.5 million already funded at the signing of the Business Combination Agreement. This capital will primarily be used to expand A1R WATER's operations in the USA, including the establishment of a second water plant and the launch of new consumer and government services businesses. The investment is led by Inflection Point Asset Management and includes participation from strategic investors such as Southern Glazer's Wine & Spirits and the Royal Group of Abu Dhabi.