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AI brief of an SEC Form 8-K · ITHAX Acquisition Corp III (ITHA)

ITHAX Acquisition Corp III closes $230 million IPO and places proceeds in trust account

Neutral Impact 3 of 5 financing Written later

On December 15, 2025, blank check company ITHAX Acquisition Corp III closed its initial public offering of 23,000,000 units at $10.00 per unit, generating $230 million in gross proceeds. The full $230 million was placed in a U.S.-based trust account, and the company sold $5.5 million of private placement warrants at the same time. The company has not yet selected a business combination target, and trust funds stay restricted until a business combination or redemption.

Key points

  • 23,000,000 units sold at $10.00 each, including 3,000,000 units from the underwriter's full over-allotment exercise, for $230 million gross proceeds
  • Private placement of 5,500,000 warrants at $1.00 each for $5.5 million: 3,500,000 to ITHAX Acquisition Sponsor III LLC and 2,000,000 to Cantor Fitzgerald & Co.
  • $230 million placed in trust account at J.P. Morgan Chase Bank, N.A., maintained by Continental Stock Transfer & Trust Company as trustee
  • Company has 24 months from the IPO closing to complete an initial business combination, per the filing

The filing

CompanyITHAX Acquisition Corp III (ITHA)
Form8-K, current report
Filed with the SECDec 19, 2025, 4:16 PM ET
Accession number0001104659-25-123159

Items reported: 8.01 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 19, 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.