InterPrivate III Financial Partners Inc. announced private placement of 550,000 units at a price of $10 per unit for gross proceeds of $5,500,000 on February 17, 2021. The transaction will include participation from EarlyBirdCapital, Inc. and existing investor InterPrivate Acquisition Management III, LLC. Each unit consists of one class A common share and warrants exercisable at $11.50 per class A share, from the later of the date that is 30 days after the first date on which the company completes a business combination, and the date that is 12 months from the date of the closing of the transaction. The company may issue up to 610,000 units if the underwriters’ over-allotment option is exercised in full. The warrants are subject to a lock-up period of 1 year after the completion of our initial business combination. The warrants are non redeemable in nature. Once the warrants became exercisable, in whole or part in nature it can be redeemed at a price of $0.01 per warrant upon a minimum of 30 days’ prior written notice of redemption, and only if, the closing price of class A share equals or exceeds $18 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which we send the notice of redemption to the warrant holders. The transaction is expected to close along with the IPO.