ITHAU

These are units of ITHAX Acquisition Corp III, a special purpose acquisition company (SPAC). Each unit is a derivative security that typically consists of one share of common stock and a fraction of a warrant to purchase additional shares. Units are the initial security sold in a SPAC IPO and trade together until the company announces a separation date, after which the component securities (common stock and warrants) trade independently. Unit holders participate in any potential business combination the SPAC pursues. The value of these units depends on market expectations about the SPAC's ability to identify and complete an attractive merger or acquisition transaction.