ITHAX Acquisition Corp III ITHAU

ITHAX Acquisition Corp III is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company has not selected any target and has not initiated substantive discussions with any prospective business combination target. It intends to focus its search on companies operating in the asset management, leisure, hospitality, catering, travel, entertainment, gaming, lifestyle and related services sectors, particularly those leveraging next‑generation technologies such as artificial intelligence and digital assets, with a material presence in the United States, Latin America, Europe and other markets. ITHAX Acquisition Corp III is organized as a Cayman Islands exempted company and relies on its management team’s network to source potential targets. The company holds the proceeds of its initial public offering in a trust account to fund any future business combination.

ITHAX Acquisition Corp III currently does not engage in any operating activities and therefore generates no revenue. The company expects to generate revenue only after it completes an initial business combination, at which point revenue will derive from the operations of the acquired target business within its target sectors. Until a combination is effected, the company’s financial resources are limited to the proceeds held in trust from its initial public offering and any additional financing it may secure.

ITHAX Acquisition Corp III operates in the highly competitive special purpose acquisition company landscape, where it faces competition from other SPACs, private equity firms, leveraged buyout funds and operating businesses seeking strategic acquisitions. The company seeks to differentiate itself through the extensive industry relationships and transaction experience of its management team, which spans asset management, technology, real estate, hospitality, travel and leisure sectors. Its investment criteria emphasize targets with enterprise values exceeding $500 million, sound business models, sustainable competitive advantages and strong free cash flow generation, aiming to identify companies that can benefit from public‑market access and the sponsor’s network to accelerate growth.

ITHAX Acquisition Corp III’s prospective customers are the target businesses it aims to acquire, which are expected to be private companies in the asset management, leisure, hospitality, catering, travel, entertainment, gaming, lifestyle and related services sectors that meet its size and strategic criteria. Following a successful business combination, the combined entity will serve the end‑user customers of the acquired business, ranging from institutional investors and asset managers to consumers of hospitality, travel and leisure services. The filing does not disclose specific names of current or prospective target companies.