ITHAX Acquisition Corp III Form 8-K: IPO and Private Placement Completion

ITHAX Acquisition Corp III announced the consummation of its initial public offering (IPO) of 23,000,000 Units at $10.00 per Unit, generating gross proceeds of $230,000,000. The offering included the full exercise of the underwriter's over-allotment option, resulting in the issuance of an additional 3,000,000 Units. Each Unit comprises one Class A ordinary share and one-half of a redeemable warrant. Simultaneously, the company completed a private placement of 5,500,000 warrants, generating gross proceeds of $5,500,000. Of these, 3,500,000 warrants were sold to ITHAX Acquisition Sponsor III LLC and 2,000,000 to Cantor Fitzgerald & Co. A total of $230,000,000 from the IPO proceeds and $5,500,000 from the private placement warrants was placed in a U.S.-based trust account. The company also filed an audited balance sheet as of December 15, 2025, reflecting these transactions.