New York, NY, Dec. 15, 2022 (GLOBE NEWSWIRE) — InterPrivate III Financial Partners Inc. (the “Company”) (NYSE:IPVF) today announced that in order to mitigate the current uncertainty surrounding the implementation of the Inflation Reduction Act of 2022, in the event that the extension (the “Extension”) of the time period the Company has to complete an initial business combination (the “Business Combination”) is approved and implemented as described in the Definitive Proxy Statement (defined below) funds in trust, including any interest earned thereon, will not be used to pay any excise tax liabilities with respect to any future redemptions that occur after December 31, 2022 and prior to or in connection with a Business Combination or liquidation of the Company.

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