Flash FinanceUS
Market closed S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · ITHAX Acquisition Corp III (ITHA)

ITHAX Acquisition Corp III closes $230 million blank check IPO

Neutral Impact 3 of 5 financing Written later

ITHAX Acquisition Corp III, a blank check company with no operating business, closed its initial public offering of 23,000,000 units at $10.00 per unit on December 15, 2025, including the full exercise of the underwriters' over-allotment option. The $230,000,000 of IPO and private placement proceeds was placed in a trust account, and the filing says funds will generally not be released until a business combination is completed, shareholders redeem public shares, or the company fails to complete a business combination within 24 months.

Key points

  • Closed IPO on December 15, 2025 of 23,000,000 units at $10.00 each, for gross proceeds of $230,000,000, including 3,000,000 units from the full over-allotment exercise.
  • $230,000,000 placed in a trust account at J.P. Morgan Chase Bank, N.A., comprised of $224,500,000 of IPO proceeds and $5,500,000 from private placement warrant sales.
  • Private placement sales of 3,500,000 warrants to the Sponsor ($3,500,000) and 2,000,000 warrants to Cantor Fitzgerald & Co. ($2,000,000), at $1.00 per warrant.
  • Tim Ryan, Rahul Vir and Ioannis Tsoutsias were appointed to the board on December 11, 2025, and to the Audit and Compensation Committees.

The filing

CompanyITHAX Acquisition Corp III (ITHA)
Form8-K, current report
Filed with the SECDec 15, 2025, 5:03 PM ET
Accession number0001104659-25-121224

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.02 Director / Officer Change5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 15, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.