Air Water Ventures Ltd (WATR) reports initial beneficial ownership for CEO and Director Peter Carr. He holds a total of 1,848,980 ordinary shares, including 1,131,124 RSUs granted August 14, 2026 that vest 25% on the 6‑month anniversary of the Closing and the remaining 75% in equal quarterly installments until the 2‑year anniversary, subject to continued employment. His position also includes 717,856 PSUs that vest in four equal tranches if specified performance triggers are met, including Revenue Run Rate milestones of $80,000,000 and $160,000,000, EBITDA Run Rate milestones of $30,000,000 and $70,000,000, and a share price trigger of $20.00 within the Earnout Period. As a foreign private issuer, the company states that these equity transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.
Air Water Ventures Ltd (WATR) reported the initial share ownership of its COO, Ryan Patrick Bibbo, in an insider filing. The filing lists 1,359,030 ordinary shares beneficially owned following the reported holdings entry, on a direct ownership basis.
This amount includes 831,394 restricted stock units (RSUs) granted on August 14, 2026 that vest 25% on the 6‑month anniversary of the Closing, with the remaining 75% vesting in equal quarterly installments until the 2‑year anniversary, subject to continued employment. It also includes 527,636 performance-based RSUs (PSUs) that can vest in four equal tranches if specified revenue, EBITDA, and share price performance targets are achieved on or before the stated dates, with each RSU or PSU representing the right to receive one ordinary share.
Air Water Ventures Limited (WATR) reports the closing of its business combination between A1R water and Inflection Point Acquisition Corp. III, creating a publicly traded atmospheric water company. Ordinary shares of the combined company are expected to begin trading on Nasdaq under the ticker “WATR” on August 17, 2026.
The transaction includes a fully committed $96 million PIPE anchored by Inflection Point, existing A1R water investors, Southern Glazers Wine & Spirits, and several institutional investors. A1R water plans to use this capital to scale atmospheric water production, expand retail distribution across the Southeast, and build a consumer packaged goods brand targeting an estimated $12.5 billion air-to-water market opportunity.