A1R water and Inflection Point Acquisition Corp. III announce closing of business combination, providing a $96 million PIPE to accelerate commercial-scale production and retail distribution of packaged atmospheric waterA1R water Will Begin Trading on the Nasdaq on August 17 th Under Ticker Symbol "WATR"

Creates a pure-play national security space company and accelerates production of Ranger, a maneuver-first spacecraft platform purpose-built for multi-orbit operationsSupports a deepening pipeline of national security and commercial missions, including existing contracts with the U.S. Space Force and Air Force Research Laboratory, active proposals with the Department of War and DARPA, and award eligibility under the Space Force's $6.2B Andromeda IDIQ vehicleTransaction includes an initial $300M PIPE investment anchored by Inflection Point; pre-money equity value of approximately $600M and a post-transaction equity value of approximately $1.2BParties to host a virtual webcast today at 8:30 a.m. ET: https://app.webinar.net/R0rM30p36Jd