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 Corp. III Announces Pricing of $200 Million Initial Public Offering