CAEP: 15-12G · delisting
Cantor Equity Partners III, Inc. filed Form 15 to terminate its registration under Section 12(g) of the Securities Exchange Act of 1934. This filing follows the consummation of its business combination with AIR Limited and AIR Global PLC on May 15, 2026. As part of the transaction, Cantor Equity Partners III merged into a merger subsidiary and became a wholly-owned subsidiary of AIR Global PLC. Consequently, Cantor Equity Partners III no longer has a duty to file reports under Sections 13 and 15(d), as its reporting obligations are now subsumed by the surviving public company, AIR Global PLC. The filing confirms that there is only one holder of record for the Class A ordinary shares, reflecting the consolidated ownership structure post-merger. This is a standard procedural filing for SPAC shells completing their business combinations and does not indicate financial distress or a negative delisting for the operating business.
AIR Global to Begin Trading on Nasdaq
CAEP has completed its business combination with AIR Global, a global leader in flavored shisha molasses and inhalation technologies. The combined company is now publicly listed on Nasdaq under the new ticker symbol AIIR. AIR Global operates in a $15-19 billion global market, leveraging brands like Al Fakher and Hookah.com across more than 90 countries. The company plans to open a new 70,000-square-foot manufacturing facility in Romania by Q1 2027, capable of producing over 4,000 tons of molasses annually. Strategic initiatives include the acquisition of German brand NameLess, the launch of the Crown Switch vape system, and a collaboration with Snoop Dogg for exclusive hookah flavors. CEO Stuart Brazier described the public listing as a pivotal moment for the evolution of the shisha category.
AIR, the Global Leader in Flavored Shisha Molasses, Completes Business Combination and will Begin Trading on Nasdaq Stock Market
Cantor Equity Partners III (CAEP) has completed its business combination with AIR Limited, the global leader in flavored shisha molasses. The combined entity, AIR Global PLC, will begin trading on the Nasdaq Stock Market under the new ticker symbol 'AIIR' on May 18, 2026. The company highlighted its portfolio assets, including the Al Fakher brand and the OOKA charcoal-free device, and announced a new board of directors featuring executives from British American Tobacco and Cantor Fitzgerald.
CAEP: 8-K · proxy statement
Cantor Equity Partners III, Inc. (CAEP) held an extraordinary general meeting on May 12, 2026, where shareholders voted on several proposals related to a business combination with AIR Limited and AIR Holdings Limited. The proposals were approved, with 20,758,868 shares voting in favor and 2,206,105 shares voting against. Following the vote, CAEP Shareholders holding 22,373,640 CAEP Class A Ordinary Shares exercised their rights to redeem these shares for a pro rata portion of the funds in the trust account. This resulted in approximately $233,804,538.00 being removed from the trust account, with a redemption price of $10.45 per share. CAEP expects the business combination to be completed promptly after the satisfaction or waiver of the remaining conditions to the consummation of the business combination.
CAEP: 8-K · material agreement
Cantor Equity Partners III, Inc. (CAEP) and AIR Holdings Limited (Pubco) entered into a forward purchase agreement with Harraden Circle Investors, LP and related entities. The agreement allows the sellers to purchase up to 5,000,000 Class A ordinary shares of CAEP, with a prepayment amount equal to the number of shares multiplied by the redemption price at the closing of the business combination. The sellers will be prepaid from CAEP’s trust account on the earlier of one business day after the closing of the business combination or the date any assets from the trust account are disbursed in connection with the business combination. The forward purchase agreement includes provisions for mandatory early termination if the sellers sell, transfer, or dispose of Recycled Shares equal to or greater than 5,000 shares. The sellers must provide same-day written notification to CAEP and pay an amount equal to the Terminated Shares multiplied by the sum of the Initial Price and any additional amount if the Average Price is greater than $15. The sellers are also prohibited from selling Recycled Shares below $10.00 or in excess of the volume limit on any single trading day. In connection with the business combination, CAEP, AIR, and Pubco intend to waive the lock-up restrictions applicable to up to 1.5 million Class B ordinary shares held by Cantor EP Holdings III, LLC to facilitate compliance with Nasdaq listing requirements.
CAEP: 10-Q · periodic report
For the three months ended March 31, 2026, Cantor Equity Partners III reported net income of $161,652, a shift from a net loss of $26,459 in the prior year period. The company attributes this result to $2.49 million in interest income generated from the approximately $284.3 million held in the Trust Account, which offset general and administrative expenses of $2.29 million. The company is progressing toward its business combination with AIR Limited, with a definitive proxy statement filed on April 22, 2026, and an extraordinary general meeting scheduled for May 12, 2026. Subsequent to the quarter end, the Registration Statement on Form F-4 related to the transaction was declared effective by the SEC. As of March 31, 2026, the company held $25,000 in cash outside of the Trust Account and reported a working capital deficit of approximately $4.18 million. Management believes it has sufficient working capital and borrowing capacity from the sponsor to meet its needs through the consummation of the business combination or one year from the filing date.
AIR and Cantor Equity Partners III Announce Effectiveness of F-4 Registration Statement Ahead of Planned Merger and Nasdaq Listing
AIR and Cantor Equity Partners III announced the SEC declared effective the F-4 registration statement related to their proposed business combination. CAEP shareholders scheduled an Extraordinary General Meeting for May 12, 2026, to vote on the merger, with a record date of April 17, 2026. Upon closing, the combined company will be named AIR Global PLC and is expected to trade on the Nasdaq under the ticker symbol AIIR.
