AIR to go public via a SPAC merger with Cantor Equity Partners III in a $1.75bn deal.

AIR, a tobacco company specializing in social inhalation products, agreed to go public via a SPAC merger with Cantor Equity Partners III, a special purpose acquisition company, in a $1.75bn deal. “Hookah consumption has become a global lifestyle trend, particularly in the US, because it brings people together offline to share moments and create memories. We want to continue to capitalize on social inhalation’s increasing presence as a popular lifestyle phenomenon, and this transaction with CAEP will provide us with a Nasdaq-listed public company that will raise our profile and provide financing flexibility to accelerate our innovation and global expansion," Stuart Brazier, AIR CEO.