Cantor Equity Partners III, Inc. (: CAEP)

Cantor Equity Partners III, Inc. is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a Business Combination with one or more target businesses. The company is not limited in its search for target businesses to a particular industry or sector but focused its search on companies operating in the financial services, digital assets, healthcare, real estate services, technology, and software industries. Its management team leverages the network and expertise of Cantor, its affiliates, and the Sponsor to identify and evaluate potential acquisition opportunities, with the goal of completing a Business Combination that creates value for shareholders.

Cantor Equity Partners III, Inc. does not generate revenue from ongoing operations as it is a special purpose acquisition company formed solely to effect a Business Combination. The company’s financial resources consist of the proceeds held in its Trust Account from the Initial Public Offering and Private Placement, which are intended to fund the consideration for a target business upon consummation of a Business Combination. Revenue generation is not applicable prior to the Business Combination, as the company has no operational business activities beyond the pursuit of a target acquisition.

The company operates through the following segments:

• AIR Business Combination: This segment refers to the proposed merger with AIR, which was the subject of the Business Combination Agreement entered into on November 7, 2025. Upon consummation, AIR would become a wholly owned subsidiary of Pubco, and Cantor Equity Partners III, Inc. would also become a wholly owned subsidiary of Pubco. The Business Combination is structured to satisfy Nasdaq’s 80% fair market value test based on the valuation of AIR relative to the Trust Account assets.

• Sponsor Support Agreement: This segment outlines the commitments made by the Sponsor in connection with the AIR Business Combination, including voting its Ordinary Shares in favor of the transaction and against certain other proposals. The Sponsor agreed to waive anti-dilution rights for Class B ordinary shares and to comply with transfer restrictions under the Insider Letter. Additionally, any outstanding amounts under the Sponsor Note will be repaid in cash or converted into Class A ordinary shares at $10.00 per share at Closing.

• Trust Account Management: This segment describes the handling of funds from the Initial Public Offering and Private Placement, with $276,000,000 placed in the Trust Account maintained by Continental as trustee. The funds may be invested only in U. S. government securities with a maturity of 185 days or less, in qualifying money market funds, or held as cash. Interest earned may be used to pay taxes, and the Trust Account balance supports the redemption price for Public Shares, which was $10.36 per share as of December 31, 2025.

Cantor Equity Partners III, Inc. operates in the highly competitive special purpose acquisition company (SPAC) landscape, where numerous blank check companies pursue similar target businesses in overlapping industries. The company differentiates itself through its affiliation with Cantor, which provides access to established financial and real estate services expertise via CF&Co., BGC Group, Inc., and Newmark Group, Inc. This affiliation enhances its ability to identify, evaluate, and integrate target businesses, particularly in financial services, real estate, and technology sectors, offering a competitive advantage in deal sourcing and post-combination support.

The company’s customer base consists primarily of Public Shareholders who purchased Class A ordinary shares in its Initial Public Offering and private investors who acquired Private Placement Shares from the Sponsor. These shareholders are entitled to vote on the Business Combination and may exercise redemption rights for their shares upon completion or liquidation. The company does not serve traditional customers in the operational sense, as it has no active business operations prior to the Business Combination.