Cantor Equity Partners III Inc (NASDAQ: CAEP) is a blank-check special purpose acquisition company (SPAC) sponsored by affiliates of Cantor Fitzgerald, L.P. that was formed for the purpose of completing a business combination with one or more target businesses. The company generates no operating revenue; its capital is held in a Trust Account, which held approximately $281,884,000 as of December 31, 2025, and earns interest on those funds until a business combination is completed or the company liquidates. On November 7, 2025, CAEP entered into a Business Combination Agreement with AIR and related merger subsidiaries, with the combination period running until June 27, 2027. The company has two executive officers and no employees as of the filing date. It is incorporated in the Cayman Islands and qualifies as an emerging growth company under SEC rules, with fiscal year ending December 31.

Revenue model

No operating revenue. Capital is held in a Trust Account and earns interest on available-for-sale debt securities. The company is funded through its initial public offering proceeds, with approximately $281,884,000 held in trust as of December 31, 2025.

Products and services

Blank-check SPAC vehicle designed to identify and complete a business combination with a target company. The company offers target businesses options including liquidity events, growth capital, and balance sheet support, using cash, debt, or equity securities from the Trust Account.

Customers and end markets

No customers or commercial end markets as of the filing date. The intended counterparty is a private target business seeking to go public or access capital through a business combination transaction.

Value-chain role

SPAC sponsor vehicle affiliated with Cantor Fitzgerald, L.P. Acts as an acquisition conduit, holding IPO proceeds in trust and sourcing a merger or acquisition target. Cantor Fitzgerald & Co. served as representative of the underwriters in the initial public offering.

Geographic exposure

Incorporated in the Cayman Islands. Registered with the SEC in Washington, D.C. No disclosed operating geography as of the filing date.

Competitors

Other SPACs sponsored by Cantor affiliates, Other blank-check acquisition companies

Source: SEC 10-K, filed 2026-03-16

Industry: Blank Checks