ITHAX Acquisition Corp III ITHA
We are a blank check company incorporated on July 3, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this annual report as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.
While we may pursue a business combination target in any business or industry, we intend to search for businesses that have an enterprise value in excess of $500 million, are currently in the asset management, leisure, hospitality, catering, travel, entertainment, gaming, lifestyle and related services sectors, driven by next-generation technologies including AI and digital assets, and material business positioning in the United States, as well as Latin America, European markets and beyond.
Valuation FY2025 figures against the last close
Annual financial statements
Balance sheet
| Fiscal year | FY2025 |
|---|---|
| Cash and equivalents | $0 |
| Total current assets | $958.9K |
| Total assets | $231.4M |
| Accounts payable | $2.5K |
| Total current liabilities | $97.5K |
| Total liabilities | $9.9M |
| Retained earnings | -$8.8M |
| Total equity | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-033907.
Others in SIC 6770
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|---|---|---|---|---|
| DMII | Drugs Made In America Acquisition II Corp. | $647.8M | — | — |
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| KRAQ | KRAKacquisition Corp | $431.6M | — | — |
| TACO | Berto Acquisition Corp. | $393.6M | 36.2x | — |
| ALDF | Aldel Financial II Inc. | $322.7M | — | — |
| ATII | Archimedes Tech SPAC Partners II Co. | $315.1M | — | — |
| FGII | FG Imperii Acquisition Corp. | $289.7M | — | — |
| SOUL | Soulpower Acquisition Corp. | $268.0M | — | — |