secwatch.observer — SEC 8-K summary
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Issuer:     ITHAX Acquisition Corp III (ITHA)
CIK:        0002080985
Form:       8-K
Filed at:   2025-12-15T23:59:59+00:00
Accession:  0001104659-25-121224
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2080985/000110465925121224/0001104659-25-121224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2080985/000110465925121224/tm2533340d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-121224

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer