ITHAX Acquisition Corp III closes $230M SPAC IPO and $5.5M private placement

ITHAX Acquisition Corp III

Closed IPO of 23M units at $10.00 each, raising $230M gross; full over-allotment of 3M units exercised.
Completed private placements of 5.5M warrants to sponsor (3.5M) and Cantor Fitzgerald (2M) for $5.5M.
Net $230M placed in trust account; balance sheet shows $231M total assets, $8.8M shareholders' deficit.
Company has 24 months from December 15, 2025 to complete a business combination; no target selected.

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