| Balance Sheets | 2026-03-31 | 2025-12-31 | ||
|---|---|---|---|---|
| Cash | 653,598 | 753,828 | ||
| Prepaid expenses | 138,686 | 205,037 | ||
| Total current assets | 792,284 | 958,865 | ||
| Long-term prepaid expenses | 87,551 | 118,331 | ||
| Cash and marketable securities held in trust account | 232,255,318 | 230,296,082 | ||
| Total assets | 233,135,153 | 231,373,278 | ||
| Accounts payable and accrued expenses | 619 | 2,500 | ||
| Accrued offering costs | - | 86,500 | ||
| Due to sponsor | - | 8,468 | ||
| Accrued offering costs | 75,000 | - | ||
| Total current liabilities | 75,619 | 97,468 | ||
| Deferred underwriting fee | 9,800,000 | 9,800,000 | ||
| Total liabilities | 9,875,619 | 9,897,468 | ||
| Class a ordinary shares subject to possible redemption, 0.0001 par value 23,000,000 shares at redemption value of 10.10 and 10.01 per share as of march 31, 2026 or december 31, 2025, respectively | 232,255,318 | 230,296,082 | ||
| Common shares value issued | 767 | 767 | ||
| Accumulated deficit | -8,996,551 | -8,821,039 | ||
| Total shareholders' deficit | -8,995,784 | -8,820,272 | ||
| Total liabilities, class a ordinary shares subject to possible redemption, and shareholders' deficit | 233,135,153 | 231,373,278 | ||
ITHAX Acquisition Corp III (ITHAW)
ITHAX Acquisition Corp III (ITHAW)