ITHAX Acquisition III (NASDAQ: ITHAU) to split units into shares, warrants
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
ITHAX Acquisition Corp III reported that holders of its units can soon trade the underlying securities separately. Each unit currently trading on Nasdaq under the symbol ITHAU consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share. Starting on or about January 20, 2026, investors may elect to separate the units so that the Class A shares and warrants trade independently on Nasdaq under the symbols ITHA and ITHAW, respectively. Units that are not separated will continue to trade as units under ITHAU. To separate holdings, unit owners must have their brokers contact Continental Stock Transfer & Trust Company, the company’s transfer agent.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did ITHAX Acquisition Corp III (ITHAU) announce in this 8-K?
ITHAX Acquisition Corp III announced that holders of its units may elect to separately trade the underlying Class A ordinary shares and warrants beginning on or about January 20, 2026.
When can ITHAX Acquisition Corp III units start trading separately?
The company stated that, on or about January 20, 2026, holders of its units may elect to separate them into Class A ordinary shares and warrants for separate trading.
What does each ITHAX Acquisition Corp III unit (ITHAU) consist of?
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share.
What are the Nasdaq ticker symbols for ITHAX Acquisition Corp III securities?
Units trade under ITHAU, Class A ordinary shares will trade separately under ITHA, and warrants will trade separately under ITHAW.
Will fractional ITHAX Acquisition Corp III warrants be issued when units are separated?
No. The company stated that no fractional warrants will be issued upon separation of the units and only whole warrants will trade.
What happens if ITHAX Acquisition Corp III units are not separated?
Any units that are not separated will continue to trade on the Nasdaq Stock Market under the symbol ITHAU as combined units.