ITHAX Acquisition Corp. III has announced the closing of its initial public offering, raising $230 million through the sale of 23,000,000 units at $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant allowing the purchase of one Class A ordinary share at $11.50 per share. The units began trading on the Nasdaq Global Market under the ticker symbol "ITHAU," and the company expects the Class A ordinary shares and redeemable warrants to be listed under the symbols "ITHA" and "ITHAW," respectively. Cantor Fitzgerald & Co. served as the sole book-running manager for the offering.
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