| Cash Flow | 2026-03-31 | 2025-12-31 |
|---|---|---|
| Net income | 1,783,724 | -56,044 |
| Payment of operating and formation costs through promissory note - related party | - | 29,796 |
| Compensation expense | - | 218,250 |
| Interest earned on cash and marketable securities held in trust account | 1,959,236 | 296,082 |
| Prepaid expenses | -97,131 | 248,368 |
| Due from sponsor | 8,468 | -8,468 |
| Accounts payable and accrued expenses | -1,881 | 2,500 |
| Net cash used in operating activities | -88,730 | -341,480 |
| Investment of cash into trust account | - | 230,000,000 |
| Net cash used in investing activities | - | -230,000,000 |
| Proceeds from sale of units, net of underwriting discounts paid | - | 226,000,000 |
| Proceeds from sale of private placements warrants | - | 5,500,000 |
| Repayment of promissory note - related party | - | 177,659 |
| Payment of offering costs | 11,500 | 227,033 |
| Net cash used in financing activities | -11,500 | 231,095,308 |
| Net change in cash | -100,230 | 753,828 |
| Cash - beginning of period | 753,828 | 0 |
| Cash - end of period | 653,598 | 753,828 |
ITHAX Acquisition Corp III (ITHAW)
ITHAX Acquisition Corp III (ITHAW)