On June 5, 2026, Inflection Point Acquisition Corp. III entered into Amendment No. 2 to its Business Combination Agreement with Air Water Ventures Holdings Limited. The amendment reduces the aggregate base consideration for ordinary share holders from $300 million to $200 million and decreases the maximum earnout shares from 30 million to 20 million ordinary shares. It also modifies the triggering events for earnout payments based on revenue and EBITDA run rates, and a minimum trading price of $20.00 for 30 of 45 consecutive trading days. Inflection Point Acquisition Corp. III is a special purpose acquisition company (SPAC) designed to effect a business combination.