ITHAX Acquisition(ITHAU)
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ITHAX Acquisition(ITHAU) - 2025 Q3 - Quarterly Report
2026-01-27 13:33
Financial Performance - The company reported a net loss of $37,638 for the period from July 3, 2025, through September 30, 2025, primarily due to general and administrative costs [88]. - The company incurred net cash used in operating activities of $0 for the period from July 3, 2025, through September 30, 2025 [92]. - The company has no operating revenues to date and does not expect to generate any until after completing a Business Combination [87]. Initial Public Offering (IPO) - The company completed its Initial Public Offering on December 15, 2025, raising gross proceeds of $230,000,000 from the sale of 23,000,000 Units, including an over-allotment of 3,000,000 Units [90]. - Transaction costs associated with the Initial Public Offering amounted to $14,211,396, which included a cash underwriting fee of $4,000,000 and a deferred underwriting fee of $9,800,000 [91]. - A total of $230,000,000 was placed in the Trust Account following the Initial Public Offering, which will be used to complete the Business Combination [91]. - The underwriters were paid an underwriting discount of $4,000,000 upon closing the Initial Public Offering, with an additional deferred underwriting discount of $9,800,000 due upon the completion of the initial Business Combination [100]. Future Plans and Financial Position - The company intends to use substantially all funds in the Trust Account to complete its Business Combination and for working capital of the target business [93]. - The company does not anticipate needing to raise additional funds to meet operating expenditures prior to the Business Combination [96]. - The company has no off-balance sheet arrangements or long-term liabilities as of September 30, 2025 [97][98].
ITHAX Acquisition Corp III Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing January 20, 2026
Globenewswire· 2026-01-16 13:00
Core Viewpoint - ITHAX Acquisition Corp III announced that starting January 20, 2026, holders of units from its initial public offering can separately trade Class A ordinary shares and warrants, with specific trading symbols assigned for each [1]. Group 1: Trading Details - Holders of the units will be able to trade Class A ordinary shares under the symbol "ITHA" and warrants under the symbol "ITHAW" on the Nasdaq Global Market [1]. - Only whole warrants will be issued upon the separation of units, and no fractional warrants will be available for trading [1]. - Units that are not separated will continue to trade under the symbol "ITHAU" on the Nasdaq Global Market [1]. Group 2: Company Background - ITHAX Acquisition Corp III is a blank check company sponsored by Orestes Fintiklis, who is also the founder of Ithaca Capital Partners, a private equity manager [4].
ITHAX Acquisition Corp III Announces Closing of $230 Million Initial Public Offering
Globenewswire· 2025-12-15 21:01
Core Viewpoint - ITHAX Acquisition Corp III has successfully closed its initial public offering, raising $230 million through the sale of 23 million units at $10.00 per unit, including an over-allotment option [1][6]. Company Overview - ITHAX Acquisition Corp III is a newly formed blank check company sponsored by Orestes Fintiklis, who serves as the CEO, CFO, and Chairman [2][10]. - The company aims to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination, focusing on sectors such as asset management, leisure, hospitality, catering, travel, entertainment, gaming, and lifestyle, leveraging next-generation technologies like AI and digital assets [3][10]. Financial Details - The offering consisted of 23,000,000 units, with gross proceeds amounting to $230 million, which will be placed in the company's trust account [1][6]. - Each unit comprises one Class A ordinary share and one-half of one redeemable warrant, with whole warrants allowing the purchase of one Class A ordinary share at $11.50 [4]. Trading Information - The units began trading on the Nasdaq Global Market under the ticker symbol "ITHAU" on December 12, 2025 [2]. - Once the securities begin trading separately, the Class A ordinary shares and redeemable warrants are expected to be listed under the symbols "ITHA" and "ITHAW," respectively [4]. Management and Sponsorship - The company is sponsored by Orestes Fintiklis, who is also the founder of Ithaca Capital Partners, a private equity manager [10]. - Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering [5].
ITHAX Acquisition Corp. III Announces Pricing of $200 Million Initial Public Offering
Globenewswire· 2025-12-11 21:36
Company Overview - ITHAX Acquisition Corp III is a newly incorporated blank check company sponsored by Orestes Fintiklis, who serves as the CEO, CFO, and Chairman [2][8] - The company aims to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses [3] Initial Public Offering (IPO) Details - The company announced the pricing of its IPO, offering 20,000,000 units at a price of $10.00 per unit, with units expected to trade on Nasdaq under the ticker symbol "ITHAU" starting December 12, 2025 [1] - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant allowing the purchase of one Class A ordinary share at $11.50 [4] - Cantor Fitzgerald & Co. is the sole book-running manager for the offering, which includes a 45-day option for underwriters to purchase an additional 3,000,000 units [5] Target Business Sectors - The company intends to focus its search for target businesses in sectors such as asset management, leisure, hospitality, catering, travel, entertainment, gaming, lifestyle, and related services, particularly those leveraging next-generation technologies like AI and digital assets [3]
ITHAX Acquisition(ITHAU) - Prospectus
2025-11-17 22:14
FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ITHAX ACQUISITION CORP III (Exact name of registrant as specified in its charter) Cayman Islands 6770 N/A (I.R.S. Employer Identification Number) Table of Contents As filed with the U.S. Securities and Exchange Commission on November 17, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (State or other jurisdiction of incorporation or organization) Classification Code Number) 826 Collins Avenue ...