ITHAX Acquisition Corp III

ITHAX Acquisition Corp III is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands and headquartered in Miami, Florida. The company's business model is to raise capital through an initial public offering and use the proceeds to identify, negotiate, and complete a business combination with an operating company. As a pre-deal blank check company, ITHAX Acquisition Corp III has no active business operations and generates no operating revenue; its only income is interest earned on the proceeds held in its trust account. The company raised $230 million in its December 2025 IPO, which is held in trust pending a successful business combination. While the company is permitted to pursue an acquisition in any industry, it intends to focus its search on the asset management, leisure, hospitality, catering, travel, entertainment, gaming, and lifestyle services sectors. Within these industries, ITHAX Acquisition Corp III specifically targets businesses driven by next-generation technologies, including artificial intelligence, robotics, fintech, and digital assets. The company seeks a target with an enterprise value in excess of $500 million. Geographically, its primary focus is on the United States, with secondary focuses on Europe, Asia, and Latin America. The SPAC is sponsored by ITHAX Acquisition Sponsor III LLC, an affiliate of Ithaca Capital Partners, which provides the management team responsible for deal origination, due diligence, and negotiation. If the company fails to complete a business combination within its 24-month completion window, it will be required to liquidate and return the trust funds to its public shareholders.