Ithax Acquisition Corp III Unit

Ithax Acquisition Corp III Unit represents a bundled security issued by Ithax Acquisition Corp III, a newly formed special purpose acquisition company. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable for an additional Class A share at a predetermined strike price. The company has been established to pursue a business combination with a target valued at more than $500 million, focusing on sectors such as asset management, leisure, hospitality, catering, travel, entertainment, gaming, lifestyle, and related services, including businesses driven by artificial intelligence and digital assets. As a blank check vehicle, Ithax Acquisition Corp III Unit primarily serves as a capital-raising and acquisition platform, channeling investor funds into a trust account while management evaluates potential merger or acquisition opportunities in the United States, Latin America, and Europe.