For Q1 FY2026 ended March 31, 2026, ITHAX Acquisition Corp III reported net income of $1.78 million, an operating loss of $175,512, and cash of $653,598. The company had negative equity of $9.0 million. No revenue was reported.
•Net income of $1.78 million for Q1 FY2026.
•Operating loss of $175,512.
•Cash balance of $653,598.
•Negative equity of $9.0 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
ITHAX Acquisition Corp III does not have significant operations. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. ITHAX Acquisition Corp III was incorporated in 2025 and is based in Miami, Florida.
ITHAX Acquisition Corp III is a blank check company, also known as a special purpose acquisition company (SPAC), that currently has no significant operations. Its sole business purpose is to identify and complete a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2025 and is based in Miami, Florida. As a shell company, it holds cash and seeks a target company to combine with, effectively taking that company public through the SPAC process.
Where is ITHAX Acquisition Corp III listed and what currency does it trade in?
ITHAX Acquisition Corp III is listed on the Nasdaq Capital Market (NasdaqGM) under the ticker symbol ITHA. The company trades in US Dollars (USD), which is the standard currency for stocks listed on US exchanges. Being listed on Nasdaq provides the company with visibility among institutional and retail investors, and it must comply with Nasdaq's listing requirements, including minimum market capitalization and corporate governance standards.
What sector and industry does ITHAX Acquisition Corp III belong to?
ITHAX Acquisition Corp III operates in the Financial Services sector, specifically within the Shell Companies industry. Shell companies are entities that have no active business operations or significant assets other than cash or cash equivalents. They are formed to raise capital through an initial public offering (IPO) with the intention of acquiring or merging with an existing private company, thereby taking that company public. This structure is common among SPACs, which are a popular vehicle for private companies to access public markets.
Where is ITHAX Acquisition Corp III headquartered?
ITHAX Acquisition Corp III is headquartered in Miami, Florida, United States. The company was incorporated in 2025 and is based in this major US city, which is a hub for finance and international business. Miami's strategic location and business-friendly environment make it a common base for SPACs and other financial entities. The company's operations are primarily focused on identifying potential merger targets, and its location allows it to tap into a diverse network of investors and advisors.