ITHAX Acquisition Corp III Business Summary

ITHAX Acquisition Corp III (ITHA) is a special purpose acquisition company (SPAC) that operates as a blank check entity, currently generating revenue through interest income on its $230 million trust account while sourcing a business combination with a target enterprise valued in excess of $500 million. The company’s primary business strategy focuses on identifying high-growth opportunities within the asset management, leisure, hospitality, and travel sectors, specifically targeting firms leveraging next-generation technologies such as artificial intelligence, robotics, and digital assets. ITHA’s competitive landscape includes other prominent sector-focused SPACs and private equity vehicles such as Churchill Capital Corp, Gores Holdings, and Social Capital. Relative to these peers, ITHA positions itself as a specialized strategic partner with deep domain expertise in the global travel-tech ecosystem, aiming to replicate the successful public-market transition of its predecessor’s merger with Mondee Holdings. The company is led by Chairman, CEO, and CFO Orestes Fintiklis, the founder of Ithaca Capital Partners and a repeat SPAC sponsor who previously orchestrated the merger of ITHAX Acquisition Corp with Mondee (Nasdaq: MOND). Fintiklis brings nearly two decades of experience in hospitality and real estate investing, supported by a board that includes Rahul Vir, a former Marriott International executive with extensive operational experience in the Caribbean and Latin America, and Tim Ryan, a former U.S. Congressman and technology policy advisor. Notable institutional support as of early 2026 includes significant stakes held by Aristeia Capital and Magnetar Capital, both of which disclosed positions following the company's December 2025 initial public offering. This leadership pedigree provides ITHA with a robust network for sourcing undervalued assets across the United States, Europe, and Latin America.