ITHAX Acquisition Corp III Class A Ordinary Shares

ITHA: 10-Q · periodic report

ITHAX Acquisition Corp III filed its Form 10-Q for the quarter ended June 30, 2026, reporting net income of $1,963,107 for the quarter and $3,746,831 for the six-month period, generated almost entirely by interest earned on trust account investments rather than operations. The pre-deal blank check company holds $234,340,929 in its trust account, equal to a redemption value of $10.19 per public share, after its December 15, 2025 IPO of 23,000,000 units at $10.00 raised $230,000,000 in gross proceeds; it had $526,042 of cash outside trust and a total shareholders' deficit of $9,118,288. No business combination target has been announced. The company must complete an initial deal within 24 months of the IPO closing or redeem its public shares and liquidate, and management reported effective disclosure controls with no material changes to risk factors and no pending legal proceedings.

SEC 10-Q•2mo ago

ITHA: 10-Q · periodic report

ITHAX Acquisition Corp III reported net income of $1.78 million for the quarter ended March 31, 2026, driven primarily by $1.96 million in interest earned on its trust account holdings. The company holds $232.3 million in its trust account, invested in U.S. Treasury bills, while maintaining $653,598 in operating cash outside the trust. General and administrative expenses were $175,512 for the quarter. As a pre-deal SPAC, the company has not commenced any business operations and is actively seeking a target for a business combination within its 24-month completion window. No material changes to risk factors or legal proceedings were reported.

SEC 10-Q•5mo ago