Inflection Point Acquisition Corp. III Approves Business Combination with Air Water

What Happened Inflection Point Acquisition Corp. III (Inflection Point) announced that at its extraordinary general meeting on July 29, 2026 shareholders approved the proposed business combination with Air Water Ventures Holdings Limited (Air Water) and related merger steps. A quorum was present — 26,942,123 shares (78.15%) — comprising 18,508,790 Class A shares and 8,433,333 Class B shares (record date June 24, 2026). The Business Combination Proposal and the Merger Proposal were each approved with 26,212,774 votes FOR, 729,348 AGAINST and 1 ABSTAIN. The Form F-4 registration statement (including the proxy/prospectus) was declared effective by the SEC on July 8, 2026; the proxy/prospectus was mailed beginning July 9, 2026.

Key Details

• Vote totals for the Business Combination and Merger Proposals: FOR 26,212,774; AGAINST 729,348; ABSTAIN 1; BROKER NON-VOTES 0.
• Advisory Organizational Documents Proposals (approved):
  • 3A/5A (authorized capital): approved — same vote as above.
  • 3B/5B (special amendment consent for Series A Preferred while Inflection Point Entities hold ≥20%): FOR 24,912,774; AGAINST 1,779,348; ABSTAIN 250,001.
  • 3C/5C (no classified board at PubCo): FOR 26,929,119; AGAINST 13,003; ABSTAIN 1.
  • 5D and 5E (director removal by ordinary resolution; protective provisions while Inflection Point Entities hold ≥20% Series A Preferred): approved with the same primary vote totals (26,212,774 FOR; 729,348 AGAINST; 1 ABSTAIN).
• Because sufficient votes were obtained, the adjournment proposal was not called.

Why It Matters Shareholder approval clears a key vote required for the two-step merger structure described in the Business Combination Agreement: (i) Inflection Point merging into PubCo (PubCo surviving) and (ii) Air Water merging into Merger Sub (creating Air Water OpCo as a PubCo subsidiary). With the Form F-4 effective and shareholder approvals in place, the parties can move toward completing the transaction subject to the agreement’s remaining conditions. Investors should review the Form F-4/proxy and related SEC filings for details on timing, expected capitalization, redemption mechanics and risks. Documents are available free at www.sec.gov.