ITHAX Acquisition Corp. announced the pricing of its upsized $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “ITHXU” Thursday, January 28.
The new company aims to combine with a business valued above $600 million in leisure, hospitality or travel that is well-positioned in the Americas or European markets. ITHAX is led by CEO Orestes Fintiklis alongside CFO and Treasurer Dimitrios Athanasopoulos.
Total SPAC deal count for 2021 year-to-date is now 81 with $22.77 billion in gross proceeds raised. This offering is expected to close on Monday, February 1.
Cantor Fitzgerald & Co. is serving as the sole book-running manager for the offering. Reed Smith LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.