07 Nov 2025

Latham & Watkins Advises AIR Limited on Proposed Business Combination with Cantor Equity Partners III

"Latham & Watkins LLP advised AIR Limited on a definitive business combination agreement with Cantor Equity Partners III, Inc. (Nasdaq: CAEP), a Cantor Fitzgerald‑sponsored SPAC, to form publicly listed AIR Global Limited in the United States with an enterprise value of US$1.7 billion upon closing."

Latham & Watkins LLP represented AIR Limited in connection with the proposed business combination with Cantor Equity Partners III, Inc. AIR Limited, the global leader in hookah and a pioneer in advanced inhalation technologies, and Cantor Equity Partners III, Inc. (Nasdaq: CAEP), a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald, have entered into a definitive business combination agreement. Upon closing, the combined company will be named AIR Global Limited and is expected to become publicly listed in the United States with an enterprise value of US$1.7 billion. Latham & Watkins LLP represented AIR Limited with a team composed by: corporate partners Jenn Engelhardt (London–Houston) and Ryan Maierson (London–Houston); corporate associates Jennifer Cadet, Saavan Shah, Sarah Youssefi, Summer Xia, Grace Uhl, Thomas Farrell and Sukhmani Kaur; trainee solicitor Serena Mitchell; tax advisers London partner Sean Finn and Washington, D.C. partner Andrea Ramezan-Jackson, with associate Eni Kassim; finance adviser London partner Charles Armstrong, with associate Farisha Khan; employee benefits advisers New York partner Austin Ozawa and London partner Kendall Burnett, with associates Alisa Hand, Kevin Matheny and Chris Wilkinson; sanctions advisers Washington, D.C. partner Eric Volkman and London partner Charles Claypoole, with associate Dillon Curtis; white collar adviser London partner Pamela Reddy, with associate Matthew Unsworth; and IP and commercial contracts adviser London partner Gail Crawford, with associate Oliver Mobasser.
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