---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-121224"
form_type: "8-K"
ticker: "ITHA"
cik: "0002080985"
company_name: "ITHAX Acquisition Corp III"
filed_at: "2025-12-15T23:59:59+00:00"
generated_at: "2026-05-16T13:16:40.644322+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ITHAX Acquisition Corp III closes $230M IPO, places full proceeds in trust

## Summary
- IPO of 23M units at $10.00 each, gross proceeds $230M, including full over-allotment of 3M units.
- Trust account funded with $230M ($224.5M from IPO + $5.5M from private placement of 5.5M warrants).
- Private placement of 3.5M Sponsor warrants and 2M Representative warrants at $1.00 each.
- Appointed Tim Ryan, Rahul Vir, Ioannis Tsoutsias to Board; Audit and Compensation committees formed.
- Target industries: asset management, leisure, hospitality, travel, entertainment, gaming, AI/digital assets.

## SEC filing metadata
- accession: 0001104659-25-121224
- form_type: 8-K
- ticker: ITHA
- cik: 0002080985
- company_name: ITHAX Acquisition Corp III
- filed_at: 2025-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2080985/000110465925121224/0001104659-25-121224-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2080985/000110465925121224/tm2533340d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-121224
- JSON: https://secwatch.observer/filing/0001104659-25-121224.json
- Plain text: https://secwatch.observer/filing/0001104659-25-121224.txt

## Key facts
- Equity Issuances
  ITHAX Acquisition Corp III issued 3,500,000 warrants of warrant to ITHAX Acquisition Sponsor III LLC for $1.00 per Sponsor Private Placement Warrant, generating gross proceeds to the Company of $3,500,000.
  - Security: warrant
  - Shares: 3,500,000 warrants
  - Purchaser: ITHAX Acquisition Sponsor III LLC
  - Consideration: $1.00 per Sponsor Private Placement Warrant, generating gross proceeds to the Company of $3,500,000
  source text: Simultaneously with the closing of the IPO, (i) pursuant to the Sponsor Private Placement Warrants Purchase Agreement, the Company completed the private sale of an aggregate of 3,500,000 warrants (the "Sponsor Private Placement Warrants") to the Sponsor at a purchase price of $1.00 per Sponsor Private Placement Warrant, generating gross proceeds to the Company of $3,500,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/2080985/000110465925121224/0001104659-25-121224-index.htm
- Governance Changes
  ITHAX Acquisition Corp III: Adopted Amended and Restated Memorandum and Articles of Association in connection with IPO (effective 2025-12-11).
  - Change: charter amendment
  - Effective: 2025-12-11
  source text: On December 11, 2025, in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association (the “Amended Charter”), effective the same day.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2080985/000110465925121224/0001104659-25-121224-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.