ITHAX Acquisition III posts Q1 net income $1.78 million
ITHAX Acquisition Corp. III Class A
ITHAX Acquisition Corp. III Class A ITHA | 0.00 |
- ITHAX Acquisition Corp. III posted net income of USD 1.78 million for the three months ended March 31, 2026.
- Marketable securities held in the trust account generated USD 1.96 million, while general and administrative costs totaled USD 175,512.
- Cash used in operating activities was USD 88,730, with USD 230 million placed into the trust account following the IPO and private placement.
- Marketable securities held in the trust account rose to USD 232.26 million as of March 31, 2026, primarily in U.S. Treasury bills with maturities of 185 days or less.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ITHAX Acquisition Corp. III published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-062806), on May 15, 2026, and is solely responsible for the information contained therein.
