Welcome to our dedicated page for CANTOR EQUITY PARTNERS III SEC filings (Ticker: CAEP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Cantor Equity Partners III, Inc. (NASDAQ: CAEP) SEC filings page brings together the company’s official disclosures as filed with the U.S. Securities and Exchange Commission. As a special purpose acquisition company, Cantor Equity Partners III, Inc. relies heavily on current reports on Form 8-K, registration statements and other filings to describe its IPO, trust account arrangements and progress toward a business combination.
Key filings include Form 8-K reports from June 2025 detailing the closing of the initial public offering and simultaneous private placement, as well as the amount of IPO proceeds deposited into a U.S.-based trust account for the benefit of public shareholders. Subsequent 8-Ks describe director appointments and resignations and identify the company as an emerging growth company. These documents help investors understand the SPAC’s governance structure and capital base.
A pivotal filing is the Form 8-K dated November 7, 2025, which summarizes the Business Combination Agreement among Cantor Equity Partners III, Inc., AIR Limited, AIR Holdings Limited (Pubco) and merger subsidiaries. This report explains the planned mergers, the share exchange mechanics, lock-up and earnout provisions, conditions to closing, and termination rights. It also notes that Cantor Equity Partners III, Inc. and Pubco will prepare a registration statement on Form F-4, containing a proxy statement/prospectus for CAEP shareholders to vote on the proposed business combination and to exercise redemption rights.
On this page, users can access CAEP’s 8-Ks and other filings as they become available through EDGAR. AI-powered tools can assist by summarizing lengthy documents, highlighting how the trust account is structured, what rights public shareholders have in connection with redemptions, and how the proposed transaction with AIR Limited is structured. Filings related to the Form F-4, once filed, are especially relevant for understanding the conversion of CAEP shares into Pubco ordinary shares and the anticipated listing of Pubco under a new ticker symbol.
Meteora Capital, LLC and its managing member Vik Mittal report beneficial ownership of Class A common stock of Cantor Equity Partners III, Inc. They report holding 2,783,768 shares, representing 9.8785% of the class as of the reported event date.
The shares are held through funds and managed accounts advised by Meteora Capital, with shared voting and dispositive power over all reported shares and no sole voting or dispositive power. The reporting persons state that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
TD Securities (USA) LLC and affiliates have reported a significant ownership stake in Cantor Equity Partners III, Inc. Class A shares. As of the filing, they beneficially own 2,014,227 Class A ordinary shares, representing 7.1% of the class.
Within this total, TD Securities (USA) LLC holds 1,875,000 shares with sole voting and dispositive power, while The Toronto-Dominion Bank holds 139,227 shares with sole voting and dispositive power. The intermediate holding companies report no direct share ownership and may be deemed to have only indirect interests. The filing states the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
AIR Holdings Ltd. provides a detailed overview of Advanced Inhalation Rituals’ business and its planned SPAC business combination with Cantor Equity Partners III, Inc. to list on Nasdaq, where the ticker is expected to change from CAEP to AIIR after de‑SPAC.
AIR operates the Al Fakher brand and says it is the largest global manufacturer of flavored shisha molasses, with 2024 Core Business revenue of $374 million, adjusted EBITDA of $148 million and consolidated operating cash flow of $150 million. Management highlights gross margins of about 59–60% and a five‑year 5% annual growth rate in revenue and gross profit for the Core Business, with US and European revenue growing at a 12% CAGR.
The company reports investing over $115 million in innovations over five to six years, including the OOKA electronic shisha device, Crown Switch vaping products using a proprietary chip, flavored nicotine patches and a new functional inhalation concept called Vant. AIR also notes bolt‑on M&A such as acquiring the Nameless shisha brand and emphasizes highly regulated markets like the US and Europe as key profit pools. The parties intend to file a Form F‑4 registration statement and proxy/prospectus for shareholders to vote on the business combination.
AIR Limited, which plans to merge with Cantor Equity Partners III, Inc. to form Nasdaq‑listed AIR Global, announced results from an independent indoor air quality study of tobacco and nicotine products. The peer‑reviewed research compared conventional hookah, cigarettes, electronic vaping products, and AIR’s charcoal‑free OOKA device in an unventilated room.
The study found that increases in key toxicants such as carbon monoxide, formaldehyde, benzene and NNK seen with conventional waterpipes were nearly or entirely eliminated when using OOKA under the test conditions. Particulate matter (PM10 and PM2.5) levels were about 40% lower with OOKA than with conventional waterpipes, while electronic vaping products produced the lowest particulate levels overall.
In multi‑occupant tests, rises in volatile organic compounds and polycyclic aromatic hydrocarbons were mainly associated with cigarette smoking and were negligible for other products. The companies reiterate that their proposed business combination is expected to close in the first half of 2026, subject to regulatory and shareholder approvals and other customary conditions.
AIR Holdings Ltd. shares an update on its pending business combination with Cantor Equity Partners III, Inc. and highlights the strength of its operating business. AIR’s core 2024 revenues were $374 million, generating $148 million in adjusted EBITDA and $150 million of net cash from operating activities, underscoring a profitable, cash‑generative profile unusual for a SPAC target. Management expects the first SEC response to its initial Form F‑4 submission in the first week of February and is targeting a stock-market listing in the first half of 2026. AIR describes growth initiatives including its leading Al Fakher shisha brand, new functional inhalation product Vant, the OOKAH electronic shisha pipe, and celebrity‑branded collaborations, and notes leverage of about 2.1x with no current need for a PIPE, leaving potential future SPAC proceeds for M&A, buybacks, or dividends.
AIR Global is moving toward a public listing through a business combination with SPAC Cantor Equity Partners III (CAEP). The deal values the combined company at a pro forma enterprise value of $1.749 billion and is expected to close in the first half of 2026, subject to shareholder approval and other closing conditions. AIR, founded in 1999 and headquartered in Dubai, focuses on hookah and other social inhalation products, selling in over 90 markets and owning brands such as Al Fakher, Hookah.com and the OOKA charcoal-free hookah device.
The filing explains that Pubco and CAEP plan to file a Form F-4 registration statement containing a proxy statement/prospectus for CAEP shareholders. It highlights risk factors typical for SPAC mergers, including the possibility the transaction is not completed, shareholder redemptions, listing risks, regulatory scrutiny of nicotine products and challenges executing AIR’s growth strategy in global markets.
Cantor Equity Partners III (CAEP) and AIR Limited discuss their planned business combination and NASDAQ listing through a SPAC merger, targeting completion in the first half of next year. AIR’s core hookah molasses business generated about $375 million in revenue last year, with adjusted EBITDA of $150 million and net operating cash flow of $149 million, reflecting roughly 88% average cash conversion over five years. Management highlights gross margins close to 60% and five‑year growth CAGRs of 5% for revenue, 7% for gross profit and 9% for adjusted EBITDA. AIR positions itself as a global leader with the Al Fakher brand, over 90‑country distribution, online platforms like hookah.com and Shisha World, and innovation in products such as the OOKA device and new vape and nicotine pouch offerings, addressing an estimated $100 billion total addressable market across multiple nicotine and functional inhalation categories.
AIR Limited, a global hookah and inhalation technology company, announced that its flagship brand Al Fakher has launched Crown Switch, a premium rechargeable pod-based vape in Germany. The device, sold via shisha-world.com, uses disposable pods and is designed without ceramics or heavy metals, differentiating it from traditional coil-and-wick vapes. Crown Switch is powered by Greentank Technologies’ Quantum Vape and Coldstream systems, which aim to deliver a colder, smoother and more flavorsome vapor experience, and AIR plans to roll out the product to additional markets.
The update also reiterates that AIR has signed a definitive agreement to combine with Cantor Equity Partners III, Inc. (CAEP), a SPAC, with the combined company, AIR Global Limited, expected to list on Nasdaq under the ticker “AIIR” in the first half of 2026, subject to regulatory approvals and customary conditions. AIR highlights Statista data projecting the global vaping market to generate $27.2 billion of revenue in 2025 with a 3.69% CAGR through 2030 and describes its broader portfolio, including Al Fakher, Hookah.com and OOKA.
Cantor Equity Partners III (CAEP) and AIR Limited highlight their proposed SPAC business combination and AIR’s operating profile in an investor interview. AIR’s core business generated net turnover of $375 million, adjusted EBITDA of $150 million, and consolidated operating net cash flow of $149 million, and management emphasizes that the company is already profitable and cash‑generative. The deal implies an enterprise value of $1.75 billion and a forecast year-end net debt of $293 million, for an equity value of about $1.456 billion. AIR describes itself as the global leader in flavored hookah molasses through its Al Fakher brand, notes a manufacturer addressable market of about $1 billion within a $15–$20 billion consumer hookah spend, and details over $100 million invested in innovations like the charcoal‑free OOKA system, new vape products using a “quantum chip,” functional inhalation products, and nicotine pouches. CAEP and AIR explain that they do not plan to raise capital or include a PIPE in this transaction and that formal details will be provided in a Form F‑4 registration statement and proxy materials to be filed with the SEC.
Cantor Equity Partners III (CAEP) is moving forward with its planned business combination with AIR Limited, a global leader in hookah products and owner of the Al Fakher brand. AIR’s CEO highlights that in 2024 the business generated about $375 million in revenue, driving adjusted EBITDA of $150 million and operating cash flow of $149 million, reflecting a cash-generative tobacco-related model. He notes an estimated enterprise value of roughly $1.75 billion, with net debt expected around $290–295 million by year-end and leverage targeted below 2.5x.
AIR is not raising primary capital in the SPAC deal and indicates it is not reliant on merger proceeds because of its cash generation. The company is investing in innovations such as the charcoal-free, pod-based OOKA system, into which it has invested over $100 million and for which it holds more than 150 patents, and is aiming for this product to reach break-even by 2027. Management cites a global hookah total addressable market of about $15–20 billion annually, and expects the combined company to list on Nasdaq under the ticker AIIR, with closing targeted in the first half of 2026, subject to customary approvals and conditions.