ITHAX Acquisition Corp. III (ITHAU) Prices $200M IPO
ITHAX Acquisition Corp. III (NASDAQ:ITHAU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ITHAU”, Friday, December 12, 2025.
The new SPAC intends to search for a target company in the asset management, leisure, hospitality, catering, travel, entertainment, gaming, lifestyle and related services sectors, driven by next-generation technologies including AI and digital assets.
ITHAX III is to be led by Chief Executive Officer, Chief Financial Officer and Chairman Orestes Fintiklis. Tim Ryan, Rahul Vir and Ioannis Tsoutsias will serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 134. This offering is expected to close on Monday, December 15, 2025.
Cantor Fitzgerald & Co. is acting as sole book-running manager. Edelman Legal Advisory PLLC is serving as Issuer’s Counsel with King & Spalding LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
