InterPrivate IV InfraTech Partners Inc. Announces Updated Date For Ceasing Trading On April 24, 2023; Redemption Price Of ~$10.11/Share

InterPrivate IV InfraTech Partners Inc. (NASDAQ:IPVIU, IPVI, IPVIW))))) (the "Company") previously announced that it will redeem all of its issued and outstanding shares of Class A common stock (the "Public Shares"), because the Company's sponsor has determined that it will not make an additional contribution to the Company's trust account required in order to further extend the April 9, 2023 deadline under the Company's Amended and Restated Certificate of Incorporation (the "Charter") for the Company to complete an initial business combination. Following such redemption of the Public Shares, the Company will liquidate and dissolve in accordance with the provisions of the Charter.

The Company anticipates that the Public Shares will cease trading at or around the close of business on April 24, 2023. The Company currently expects the per-share redemption price for the Public Shares will be approximately $10.11 (as finally determined, the "Redemption Amount").The Redemption Amount is expected to be paid on or around April 25, 2023 to holders of Public Shares outstanding at the close of business on April 24, 2023, without any required action on their part. On the Redemption date, the Public Shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. After April 25, 2023, the Company will cease all operations except for those required to wind up the Company's business.

The Company's warrants will expire in accordance with their terms upon the liquidation of the Company.

The Company expects that The Nasdaq Stock Market LLC will file a Form 25 with the Commission to delist its securities. The Company thereafter expects to file a Form 15 with the Commission to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended.