The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -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 | 296,082 |
| Prepaid expenses | 248,368 |
| Due from sponsor | -8,468 |
| Accounts payable and accrued expenses | 2,500 |
| Net cash used in operating activities | -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 | 227,033 |
| Net cash provided by financing activities | 231,095,308 |
| Net change in cash | 753,828 |
| Cash - beginning of period | 0 |
| Cash - end of period | 753,828 |
ITHAX Acquisition Corp III (ITHAW)
ITHAX Acquisition Corp III (ITHAW)