ITHAX Acquisition Corp III has priced its IPO of 20 million units at $10 each, listing on Nasdaq under "ITHAU."
Quiver AI Summary
ITHAX Acquisition Corp III has announced the pricing of its initial public offering (IPO) of 20 million units at $10.00 each, set to trade on the Nasdaq under the symbol "ITHAU" starting December 12, 2025. Sponsored by Orestes Fintiklis, the blank check company is aimed at pursuing business combinations primarily in the asset management, leisure, and technology sectors. Each unit includes one Class A ordinary share and half a redeemable warrant, with warrants exercisable at $11.50 per share. Cantor Fitzgerald & Co. is the sole book-running manager for the offering, which allows underwriters a 45-day option to purchase an additional 3 million units if needed. The formation of the company is part of a broader strategy to leverage next-generation technologies. The SEC has declared the registration statement effective, and additional details are available through their prospectus.
Potential Positives
- The Company successfully priced its initial public offering at $10.00 per unit, indicating strong investor interest.
- The planned listing of units on the Nasdaq under the ticker symbol “ITHAU” enhances the Company's visibility and credibility in the financial markets.
- The ability to pursue a broad range of industries, particularly those driven by next-generation technologies, positions the Company for potential growth and diversification.
- The grant of an option for underwriters to purchase additional units may provide the Company with further capital to support its business objectives.
Potential Negatives
- The company is a newly incorporated blank check company, which implies a lack of established operational history and may represent higher risk for investors.
- The statement includes numerous forward-looking statements that carry uncertainty and highlight potential risks, particularly with regard to the completion of the offering and the use of net proceeds.
- The reliance on a single individual, Orestes Fintiklis, as CEO, CFO, and Chairman raises governance concerns and could pose risks if his vision or leadership is questioned by investors.
FAQ
What is ITHAX Acquisition Corp III?
ITHAX Acquisition Corp III is a newly incorporated blank check company formed for business combinations in various sectors.
When will the IPO units start trading?
The IPO units are expected to start trading on Nasdaq under the ticker symbol "ITHAU" on December 12, 2025.
Who is sponsoring ITHAX Acquisition Corp III?
The company is sponsored by Orestes Fintiklis, founder of Ithaca Capital Partners, who serves as CEO and Chairman.
What does each IPO unit consist of?
Each IPO unit consists of one Class A ordinary share and one-half of one redeemable warrant.
How can investors access the prospectus for the IPO?
Investors can obtain the prospectus by contacting Cantor Fitzgerald & Co. via email or at their New York office.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
NEW YORK, Dec. 11, 2025 (GLOBE NEWSWIRE) -- ITHAX Acquisition Corp III (the “Company”), a newly incorporated blank check company, today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “ITHAU” beginning December 12, 2025.
The Company is sponsored by Orestes Fintiklis, founder of Ithaca Capital Partners, who is also acting as Chief Executive Officer, Chief Financial Officer and Chairman of the Company.
The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry, it currently intends to concentrate its search for a target business operating 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.
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin trading separately, the Company expects that the Class A ordinary shares and redeemable warrants will be listed on the Nasdaq under the symbols “ITHA” and “ITHAW,” respectively.
Cantor Fitzgerald & Co. is serving as sole book-running manager. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention Capital Markets, 499 Park Avenue, New York, NY 10022, or by e-mail at [email protected] .
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on December 11, 2025. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
About ITHAX Acquisition Corp III
ITHAX Acquisition Corp III ( www.ithaxacquisition.com ) is a newly organized blank check company sponsored by Orestes Fintiklis, founder of Ithaca Capital Partners, a private equity manager. Orestes Fintiklis was also sponsor and Chief Executive Officer of ITHAX Acquisition Corp.
Media Contact
Orestes Fintiklis
[email protected]
