InterPrivate III Financial Partners (IPVF)
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InterPrivate III Financial Partners (IPVF) - 2023 Q3 - Quarterly Report
2023-11-20 22:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the transition period from to Commission file number: 001-40151 INTERPRIVATE III FINANCIAL PARTNERS INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-3069266 (State or other jurisdiction of incorporation or organization) 1350 Avenue of the Americas, 2nd Floor New York, NY 10019 (Address of principal executive offices) (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCH ...
InterPrivate III Financial Partners (IPVF) - 2023 Q2 - Quarterly Report
2023-08-16 20:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40151 INTERPRIVATE III FINANCIAL PARTNERS INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-3069266 (State or ...
InterPrivate III Financial Partners (IPVF) - 2023 Q1 - Quarterly Report
2023-05-18 21:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40151 INTERPRIVATE III FINANCIAL PARTNERS INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-3069266 (State o ...
InterPrivate III Financial Partners (IPVF) - 2022 Q4 - Annual Report
2023-04-17 20:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 920-0125 Securities registered pursuant to Section 12(b) of the Act: | | | Name of each exchange on which | | --- | --- | --- | | Title of each class | Trading Symbols | registered | | Unit ...
InterPrivate III Financial Partners (IPVF) - 2022 Q3 - Quarterly Report
2022-11-21 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40151 INTERPRIVATE III FINANCIAL PARTNERS INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-3069266 (Sta ...
InterPrivate III Financial Partners (IPVF) - 2022 Q2 - Quarterly Report
2022-08-22 21:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40152 INTERPRIVATE III FINANCIAL PARTNERS INC. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction ...
InterPrivate III Financial Partners (IPVF) - 2022 Q1 - Quarterly Report
2022-05-19 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40151 INTERPRIVATE III FINANCIAL PARTNERS INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-3069266 (State o ...
InterPrivate III Financial Partners (IPVF) - 2021 Q4 - Annual Report
2022-03-31 01:07
Financial Position - The company has a strong financial position with $258,750,000 in the Trust Account after the closing of the Public Offering, providing flexibility for business combinations[51]. - After deducting $9,056,250 in fees, the available funds for a business combination are $240,637,500, which can be used for liquidity events, capital for growth, or debt reduction[59]. - The expected per-share redemption amount upon dissolution is approximately $10.00, but this could be reduced due to creditor claims against the Trust Account[96]. - The company has approximately $750,000 available from proceeds outside the Trust Account to cover costs associated with dissolution and creditor payments[95]. - The company will not redeem public shares if it would cause net tangible assets to fall below $5,000,001[94]. Acquisition Strategy - The company aims to acquire businesses in large attractive markets with secular tailwinds, avoiding winner-take-all segments[49]. - The company seeks to acquire businesses with high growth, recurring revenue, and clear paths to profitability supported by strong unit economics[49]. - The company plans to focus on businesses that utilize technology to create competitive advantages and improve client service[49]. - The company anticipates acquiring 100% of the equity interests or assets of the target business, but may acquire less than 100% if it meets specific conditions[53]. - If the business combination involves multiple target businesses, the 80% of net assets test will be based on the aggregate value of all targets[53]. Management and Experience - The management team has extensive experience in private equity and M&A, with a track record of successful transactions involving notable companies[37][39]. - The management team believes their proprietary sourcing channels and deep industry relationships will provide a differentiated pipeline of acquisition opportunities[50]. - The management team has a history of shepherding targets through the SPAC/de-SPAC process, which is crucial for successful transactions[50]. - The company currently has four executive officers who will devote necessary time to affairs until the initial business combination is completed, with no full-time employees planned prior to that[109]. Financing and Funding - The company has not secured third-party financing for future transactions, which may impact its ability to execute business combinations[51]. - The company has not secured third-party financing for the business combination, and there is no assurance that such financing will be available[59]. - A minimum cash requirement may be imposed for cash consideration to be paid to the target or for working capital purposes during the initial business combination[75]. - If the aggregate cash consideration for redemptions exceeds available cash, the company will not complete the business combination or redeem shares[75]. Stockholder Rights and Redemption - Public stockholders can redeem shares of Class A common stock at a per-share price equal to the aggregate amount in the Trust Account, calculated two business days prior to the business combination[74]. - Public stockholders must deliver stock certificates or electronically transfer shares to exercise redemption rights, with a deadline of two business days prior to the vote[83]. - A public stockholder must submit a written request for redemption two business days prior to the vote if seeking to redeem shares[83]. - The company requires a majority of outstanding shares voted in favor for the initial business combination to be approved[78]. - Stockholders holding more than 15% of shares sold in the Public Offering are restricted from seeking redemption rights without prior consent[85]. Regulatory and Compliance - The company has filed a Registration Statement on Form 8-A with the SEC, making it subject to the rules and regulations under the Exchange Act[58]. - The company is required to file annual, quarterly, and current reports with the SEC, including audited financial statements[110]. - Audited financial statements of the prospective target business will be provided to stockholders as part of proxy solicitation materials, which may limit the pool of potential target businesses[112]. - The company must evaluate internal control procedures for the fiscal year ending December 31, 2022, as required by the Sarbanes-Oxley Act[113]. - The company is classified as an "emerging growth company," allowing it to take advantage of certain exemptions from reporting requirements[115]. Risks and Challenges - The lack of business diversification may pose risks, as the company's success may depend entirely on the performance of a single business post-combination[61]. - There may be conflicts of interest among directors and officers due to their affiliations with other entities and potential business opportunities[57]. - The company faces competition from various entities, including special purpose acquisition companies and private equity groups, which may have greater financial and technical resources[108]. - In the event of bankruptcy, the Trust Account proceeds may be subject to claims from creditors, potentially affecting the redemption amount for stockholders[105]. - The company has not verified whether its Sponsor has sufficient funds to satisfy indemnity obligations related to claims against the Trust Account[100].
InterPrivate III Financial Partners (IPVF) - 2021 Q3 - Quarterly Report
2021-11-22 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40151 INTERPRIVATE III FINANCIAL PARTNERS INC. | Delaware | 85-3069266 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Empl ...
InterPrivate III Financial Partners (IPVF) - 2021 Q2 - Quarterly Report
2021-08-16 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40151 INTERPRIVATE III FINANCIAL PARTNERS INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-3069266 (State or other ju ...