The company is actively promoting its SPAC merger with multiple recent filings, highlighting strong financial performance. Traders should monitor the deal's progress and regulatory approvals, as a successful close could validate the company's public market narrative.
Price Chart
Executive Summary
AIR Holdings Ltd is actively progressing its SPAC merger with Cantor Equity Partners III, as evidenced by multiple recent M&A communications. The latest filing promotes the deal, highlighting strong financials (FY2025 revenue of $400M, adjusted EBITDA of $139M) and the company's position as a global leader in hookah. This is part of an active deal process to become a public company on Nasdaq.
Key Financial Metrics
Key Facts
- Multiple recent 425 filings indicate an active and progressing merger process.
- Company reported $400M revenue and $139M adjusted EBITDA for FY2025.
- The merger is expected to close in the first half of 2026, pending regulatory approvals.
- The company is positioning itself as a mature, scalable consumer category for public markets.
Financial Impact
FY2025 revenue of $400 million, adjusted EBITDA of $139 million
Risk Factors
- The merger is subject to regulatory approvals and other customary closing conditions.
- The company operates in the controversial hookah and tobacco industry, which may face regulatory headwinds.
- The deal's success depends on market reception of the company's 'institutional' positioning of the hookah category.
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001193125-26-145690 |
| Document: 0001193125-26-145690-index-headers.html | 0001193125-26-145690 |
| Document: 0001193125-26-145690-index.html | 0001193125-26-145690 |
| Document: 0001193125-26-145690.txt | 0001193125-26-145690 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | 6-K | $7.50 $7.58 | ▲ +1.00% | ▲ +2.01% | $7.38 (−1.60%) |
Oct 1, 2026 25d ago | 6-K | $7.39 $7.44 | ▲ +0.68% | ▼ −0.48% | $7.38 (−0.14%) |
Sep 23, 2026 4w ago | 6-K | $7.47 $7.69 | ▲ +2.95% | ▲ +3.36% | $7.38 (−1.20%) |
Sep 21, 2026 5w ago | 6-K | $7.53 $7.06 | ▼ −6.18% | ▼ −5.16% | $7.38 (−1.93%) |
Sep 11, 2026 6w ago | 6-K | $7.25 $7.44 | ▲ +2.62% | ▲ +2.84% | $7.38 (+1.79%) |
Aug 26, 2026 8w ago | 6-K | $6.81 $7.40 | ▲ +8.66% | ▲ +8.78% | $7.38 (+8.37%) |
Aug 20, 2026 9w ago | 6-K | $7.25 $7.98 | ▲ +10.06% | ▲ +8.95% | $7.38 (+1.79%) |
Aug 20, 2026 9w ago | Press Release | $7.25 $7.98 | ▼ −10.06% | ▼ −8.95% | $7.38 (−1.79%) |
May 18, 2026 23w ago | 6-K | $9.50 $7.11 | ▼ −25.16% | ▼ −27.40% | $7.38 (−22.32%) |
May 15, 2026 23w ago | 6-K | $10.44 $8.34 | ▼ −20.11% | ▼ −21.73% | $7.38 (−29.31%) |
US Market Status
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