- Business
- ITHAX Acquisition Corp III is a Cayman Islands‑incorporated blank‑check company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more enterprises. The company pursues opportunities across multiple sectors while prioritizing leisure, hospitality, and related services, with an emphasis on asset management, travel, entertainment, gaming, catering, and lifestyle segments driven by next‑generation technologies such as artificial intelligence and digital assets. Its corporate strategy centers on identifying and acquiring or merging with target companies that offer scalable platforms, differentiated brands, and growth potential in the United States, Europe, and Latin America, leveraging strategic partnerships and capital markets access to support business combinations. The founders and sponsorship structures are anchored by Ithaca Capital Partners and AXIA Ventures Group principals, providing operational and financial expertise to support targeted acquisitions. Headquarters are in Miami, Florida, with the company publicly reporting plans to conduct a broad search for suitable targets and capitalize on the global reach of its sponsors to accelerate value creation. Founding year is 2025, and its primary listing is on the Nasdaq under the ticker ITHAU, with IPO proceeds of approximately $230 million used to finance a forthcoming business combination. Subsidiary and affiliate structures are aligned to support cross‑border deal execution and governance aligned with SPAC standards. The company maintains a disciplined investment thesis focused on sectors where technology enhances customer experiences, data analytics, and operational efficiency, aiming to deliver accretive value through a timely and strategic combination. (Note: Information reflects public disclosures through 2025–2026 and is subject to change.)