ITHAX Acquisition Corp. III (Ticker: ITHAU US) is a Cayman Islands-incorporated blank check company (SPAC) established to effect a merger, asset acquisition, or similar business combination. Backed by Ithaca Capital Partners and led by CEO Orestes Fintiklis, the company intends to search for a target business with an enterprise value exceeding US$500 million. Its investment focus includes sectors such as asset management, leisure, hospitality, catering, travel, entertainment, gaming, and lifestyle services, specifically targeting companies driven by artificial intelligence and digital assets across the United States, Latin America, and Europe.

The company is scheduled to begin trading on the NASDAQ on 12 December 2025. It priced its IPO on 11 December 2025, offering 20 million units at US$10.00 per unit, raising US$200 million. This pricing implies a market capitalization of approximately US$266.7 million. Each unit consists of one share of stock and one-half of one warrant. Reportedly, the proceeds are intended to fund the search for and completion of a business combination. Cantor serves as the sole book-running manager for the offering.