Refreshment focuses on the water dispenser/cooler, office coffee service and vending sectors, while also taking an in-depth look into products for vending from bottled water and drinks, to snacks and confectionery. It also focuses on hydration, health and wellness, new technologies and environmental and social responsibility issues.
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A1R Water has completed its merger with special purpose acquisition company (SPAC) Inflection Point Acquisition Corp III, paving the way for its Nasdaq debut.
The combined company has begun trading under the ticker ‘Watr’ yesterday, 17 August 2026, following shareholder approval of the transaction on 29 July.
The deal includes a fully committed $96 million private investment in public equity (PIPE), backed by Inflection Point, existing A1R Water investors, Southern Glazer’s Wine & Spirits and several institutional investors.
A1R Water said the proceeds would support plans to increase production, expand retail distribution and develop atmospheric water generation into a broader commercial category.
The company produces packaged mineralised drinking water using humidity from the air. Its process combines atmospheric water generation, filtration and mineralisation with plastic-free packaging at the production source.
Peter Carr, chief executive officer of A1R Water, said: “The air around us is an abundant but underutilised water source. By combining our technology and distribution network, A1R Water is redefining how packaged drinking water is sourced to meet growing consumer demand for luxury hydration without straining traditional groundwater sources.”
He added that the listing would provide the funding and visibility required to scale the business and target what the company estimates to be a $12.5 billion air-to-water market.
A1R Water has launched in South Florida and established sports and hospitality partnerships, including with the Miami Heat’s Kaseya Center and Inter Miami CF’s NU Stadium at Miami Freedom Park.
Distribution across retail and on-premise accounts in South Florida is underway, with expansion across the southeastern US planned over the coming months.
Kevin Shannon, co-founder of Inflection Point and a newly appointed director of A1R Water, added: "Our investment reflects confidence in A1R water’s differentiated technology, experienced leadership team and commercial path, including the added strength of Southern Glazer’s investment and distribution capabilities".
"Pete Carr and Ryan Bibbo’s commercial track record, network and beverage industry expertise paired with an innovative product is exactly why we believe A1R water is positioned to win. A1R water has built the foundation of a durable consumer business and as a public company they have a powerful platform to scale."
Top image: © A1R Water
