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Cantor Equity Partners III, Inc. Class A ( (CAEP) ) has provided an update.
On November 7, 2025, Cantor Equity Partners III, Inc. and AIR Limited announced a business combination agreement that will result in AIR becoming publicly listed on Nasdaq under the ticker ‘AIIR’ in the first half of 2026. This agreement, which implies a pro forma enterprise value of $1.749 billion, aims to enhance AIR’s market presence and provide financial flexibility for global expansion and innovation. The transaction has been approved by both companies’ boards and is subject to customary closing conditions, including shareholder approvals.
More about Cantor Equity Partners III, Inc. Class A
AIR Limited is a global leader in the hookah industry and a pioneer in advanced inhalation technologies. The company owns the Al Fakher brand, which is the largest hookah brand by sales volume, holding over 60% market share in the United States as of 2024. AIR has a strong presence in traditional and premium hookah segments, and it has invested significantly in innovation, with over $115 million in new product developments since 2019.
Average Trading Volume: 79,805
Technical Sentiment Signal: Strong Buy
Current Market Cap: $375.4M
For an in-depth examination of CAEP stock, go to TipRanks’ Overview page.