ITHAX Acquisition Corp. III

Special Purpose Acquisition Company (SPAC)ithaxacquisition.com

ITHAX Acquisition Corp. III is a Nasdaq-listed SPAC (ITHA) sponsored by Ithaca Capital Partners, formed to acquire a $500m+ enterprise-value target in AI, robotics, digital assets, fintech, travel, leisure, hospitality, or related technology sectors, primarily in the United States.

Company typePublic
Founded2025
HeadquartersMiami, United States
Headcount1–10
GTM typeB2B
OfferingServices

What ITHAX Acquisition Corp. III does

ITHAX Acquisition Corp. III (Nasdaq: ITHA / ITHA/U) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands and headquartered at 826 Collins Avenue, Suite 201, Miami, Florida. It is the third SPAC sponsored by Ithaca Capital Partners, founded by Orestes Fintiklis, following the successful 2022 de-SPAC of ITHAX I with Mondee in a transaction valued at approximately $1 billion. The company closed an upsized $230 million initial public offering on December 15, 2025 (originally priced at $200 million on December 11, 2025), and commenced separate trading of its Class A Ordinary Shares and Warrants on January 20, 2026.

The company's product is the SPAC vehicle itself: a blank-check structure that holds IPO proceeds in trust while it searches for a single business combination target. The mandate targets companies in AI, robotics, digital assets, fintech, travel, leisure, hospitality, and related technology and services sectors with an enterprise value exceeding $500 million. Geographic focus is the United States (primary) and Europe, Asia, and Latin America (secondary). The company has no operating business, generates no revenue, and employs 1-10 people; its only monetization mechanism is the consummation of a future merger or acquisition transaction.

Management is led by Orestes Fintiklis as CEO, CFO, and Chairman, supported by independent directors Tim Ryan (former U.S. Congressman and Coinbase Global Advisory Council member) and Rahul Vir (27-year Marriott International executive, also an ITHAX I board member at the time of the Mondee deal), plus team member Ioannis Tsoutsias (CFA; Harvard Kennedy School MPA; INSEAD MBA). Distribution occurs through the Nasdaq listing and the IPO underwriting process, with investor communications handled via GlobeNewswire press releases, SEC filings, and the company's investor relations website.

ITHAX Acquisition Corp. III firmographics

Firmographics

Name: ITHAX Acquisition Corp. III
Legal name: ITHAX Acquisition Corp. III
Website: https://ithaxacquisition.com
Company type: Public
Founded year: 2025
Operating status: Operating
Headcount range: 1–10 employees
Short description: ITHAX Acquisition Corp. III is a Nasdaq-listed SPAC (ITHA) sponsored by Ithaca Capital Partners, formed to acquire a $500m+ enterprise-value target in AI, robotics, digital assets, fintech, travel, leisure, hospitality, or related technology sectors, primarily in the United States.
Ownership category
akta.pro rank

ITHAX Acquisition Corp. III industry classification

Industry

Product category: Special Purpose Acquisition Company (SPAC)
NAICS: Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
SIC: Security Brokers, Dealers & Flotation Companies (6211)
akta.pro primary industry: Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

Special purpose acquisition
Blank check company
Business combination
Capital markets services
Initial public offering

Where ITHAX Acquisition Corp. III is headquartered

Location

Headquarters

HQ city: Miami
HQ country: United States
HQ region: North America

Offices1 record

Markets served

ITHAX Acquisition Corp. III business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Operations, Personnel, Others

Revenue model

SPAC Operations: As a blank check company, ITHAX Acquisition Corp. III has not yet engaged in operations or generated revenues. The company plans to generate value through completing a business combination (merger or acquisition) with a target company.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

ITHAX Acquisition Corp. III product offering

Product offering

Core offering

ITHAX Acquisition Corp. III is a Special Purpose Acquisition Company (SPAC) formed to raise capital through an IPO and identify, execute, and complete a business combination (merger or acquisition) with a target company. The company targets private companies in AI, robotics, digital assets, fintech, travel, leisure, hospitality, and related technology and services sectors with enterprise values exceeding $500 million.

Product overview

ITHAX Acquisition Corp. III is a single Special Purpose Acquisition Company (SPAC) focused on identifying target companies for merger or acquisition. The company closed a $230 million Initial Public Offering in December 2025 and is seeking business combinations within AI, Robotics, Digital Assets, Fintech, Travel, Leisure, Hospitality, and Related Technology and Services Sectors, with a targeted enterprise value in excess of $500m. Geographically, the primary focus is the United States with secondary focus on Europe, Asia, and Latin America. The company is the third SPAC vehicle sponsored by Ithaca Capital Partners, following the successful ITHAX I merger with Mondee completed in July 2022.

Differentiator

Problem solved

Functional benefit

Products and services

ITHAX Acquisition Corp. III SPAC Vehicle

Companies that use ITHAX Acquisition Corp. III

Customer profile

Segments1 record

Ideal customer profiles1 record

ITHAX Acquisition Corp. III technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

ITHAX Acquisition Corp. III partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

MondeecoreStrategic or Co-development Partner · 18 July 2022ITHAX I (the first SPAC from the sponsor) successfully completed a business combination with Mondee, an AI travel-tech company, in July 2022. Mondee is a technology-first, fast-growing travel market disruptor. The transaction was valued at approximately $1 billion and included a $70 million all-equity PIPE. Mondee achieved revenue projections, became EBITDA positive in the same year, and joined the Russell 2000 index.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

ITHAX Acquisition Corp. III competitors and assessment

Company assessment

Broad incumbents

Blackstone Inc. The largest alternative asset manager with a broad capital-allocation platform that includes SPAC sponsorship and large private acquisitions. Competes with ITHAX III for premium tech/travel-sector targets as an incumbent mega-sponsor.
Apollo Global Management: A mega-cap alternative asset manager pursuing large strategic and financial acquisitions across tech/services. An incumbent in the same broad M&A/capital-markets lane for $500M+ enterprise value targets.

Direct peers

Gores Holdings IV: The Gores Group's SPAC platform with multiple series vehicles pursuing business combinations in technology and adjacent sectors. Same vehicle structure, similar mandate, and directly competing for tech targets.
Churchill Capital Corp IV: A large tech-focused SPAC sponsored by Michael Klein. Operates in the same capital-markets advisory/IPO-readiness lane as ITHAX III and pursues similarly large enterprise-value targets.
Spartan Acquisition Corp. III: A technology-focused SPAC with a similar structure, scale, and Nasdaq-listed Class A shares. Directly comparable as a contemporaneous tech-sector blank-check vehicle in its pre-business combination phase.
Sandbridge Acquisition Corp. A consumer/technology-focused SPAC affiliated with Sandbridge Capital. Comparable vehicle structure, deal economics, and sponsor institutional profile for sourcing target combinations.
Pershing Square Tontine Holdings: A high-profile SPAC vehicle (in its special-purpose acquisition structure) led by Bill Ackman. Comparable in being a publicly listed capital-markets vehicle seeking a major business combination.
Vector Acquisition Corp. II: A technology-focused SPAC sponsored by Vector Capital. Closely comparable structure, trust size, and Nasdaq listing profile; competes for similar AI/software/digital-asset targets.
dMY Technology Group, Inc. II: A tech-focused SPAC from dMY's sponsor family. Same pre-combination SPAC economics, Nasdaq-listing channel, and pursuit of large enterprise-value technology targets.
Dragoneer Acquisition Corp. II: A tech-focused SPAC from the well-known growth equity firm Dragoneer. Same pre-merger SPAC structure, comparable trust scale, and overlapping target sector mandate in technology and digital assets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

ITHAX Acquisition Corp. III financial estimates

Financial estimate

Revenue estimate

Valuation estimate

ITHAX Acquisition Corp. III leadership team

Management profile

Number of profiles

Profiles4 records

ITHAX Acquisition Corp. III funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

ITHAX Acquisition Corp. III M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ITHAX Acquisition Corp. III

What does ITHAX Acquisition Corp. III do?

Is ITHAX Acquisition Corp. III a public or private company?

ITHAX Acquisition Corp. III is a public company. It is classified as public and is currently operating.

When was ITHAX Acquisition Corp. III founded?

ITHAX Acquisition Corp. III was founded in 2025. It employs 1 to 10 people.

Where is ITHAX Acquisition Corp. III based?

ITHAX Acquisition Corp. III is headquartered in Miami, United States, in the North America region.

How does ITHAX Acquisition Corp. III make money?

One revenue line is on record: SPAC Operations.

Who are ITHAX Acquisition Corp. III's main competitors?

Broad incumbents on record are Blackstone Inc. and Apollo Global Management. Direct peers are Gores Holdings IV, Churchill Capital Corp IV, Spartan Acquisition Corp. III, Sandbridge Acquisition Corp., Pershing Square Tontine Holdings, Vector Acquisition Corp. II, dMY Technology Group, Inc. II and Dragoneer Acquisition Corp. II.

Does ITHAX Acquisition Corp. III have an API?

No public API is recorded for ITHAX Acquisition Corp. III.

What industry is ITHAX Acquisition Corp. III in?

ITHAX Acquisition Corp. III's product category is Special Purpose Acquisition Company (SPAC). Its primary akta.pro industry code is BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory). Its NAICS code is 5231 and its SIC code is 6211.