10:03 AM EDT, 08/25/2025 (MT Newswires) -- Inflection Point Acquisition (IPCX) and A1R Water said Monday that A1R will go public through a merger with Inflection Point in a deal valuing the company at $419 million.

The transaction includes a $63.5 million private investment in public equity financing, of which $32.5 million has already been funded, led by Inflection Point and joined by new investors, the companies said.

After closing, expected at the end of Q1 2026, the combined company will be named Air Water Ventures and list its shares on Nasdaq under the ticker symbol WATR, the companies said.

Proceeds from the merger will be used for US expansion, including a second water plant and development of consumer and government-focused businesses, according to the joint statement.