InterPrivate III Financial Partners Inc.
IPVF-UN
New York Stock Exchange10.76
USD
-0.55
- -
CIK
0001839610
Return %
Stock
S&P500
1Y
6.11
18.21
3Y
7.49
63.29
5Y
7.49
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Ahmed Mohamed Fattouh
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1350 Avenue Of The Americas New York City NY United States of America 10019
- IPO Date
- Mar 5, 2021
- CIK
- 0001839610
- Website
- ipvspac.com
- Similar Companies
- Business
- InterPrivate III Financial Partners Inc. InterPrivate III Financial Partners Inc. (NYSE American: IPVF-UN) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination, primarily targeting financial services businesses with an emphasis on technology-enabled companies in financial technology (fintech); it offers no current products or services beyond its SPAC structure, which includes public units comprising Class A common stock and redeemable warrants, private placement units held by its sponsor InterPrivate Acquisition Management III, LLC and EarlyBirdCapital, Inc., and a trust account holding proceeds from its initial public offering for deployment in a business combination. The company, founded in 2020 and headquartered in New York, New York, maintains a lean operational structure with no revenues or ongoing business activities pending a successful combination, drawing on the networks and expertise of Chairman and CEO Ahmed Fattouh, Vice Chairman Sunil Kappagoda, President Nicholaos Krenteras, and its board in financial services, fintech, transactions, investments, and operations; it initially pursued opportunities across financial technology but remains open to other industries. In recent developments, InterPrivate III announced a proposed business combination with sustainability-focused financial services platform Aspiration Partners, Inc. in August 2021 valuing Aspiration at a pro forma equity of $2.3 billion, which underwent amendments including a second restated merger agreement in July 2022, but terminated the deal in August 2023 without completing the transaction; the company extended its initial business combination deadline multiple times through 2023, transferred its listing from the NYSE to NYSE American in February 2023 amid high redemptions exceeding 23 million shares leaving about $20.6 million in its trust account, and faced ongoing redemption pressures with warrants set to expire worthless absent a deal, as indicated by its defunct status for certain securities by late 2023 while continuing periodic SEC filings.