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Al Fakher Parent AIR Advances U.S. Listing Plan, With Deal Expected in First Half of 2026

Mar.31
Al Fakher Parent AIR Advances U.S. Listing Plan, With Deal Expected in First Half of 2026
AIR Limited and Cantor Equity Partners III, Inc. announced that AIR and AIR Holdings Limited have filed a Form F-4 registration statement with the U.S. Securities and Exchange Commission in connection with their previously announced proposed business combination. Upon closing, the combined company, AIR Global PLC, is expected to be listed on Nasdaq in the United States under the ticker symbol “AIIR.”

Key Takeaways

 

  • AIR and AIR Holdings Limited have filed a Form F-4 registration statement with the SEC in connection with the proposed business combination.
  • The counterparty is Cantor Equity Partners III, Inc., a SPAC sponsored by an affiliate of Cantor Fitzgerald.
  • Upon closing, the combined company AIR Global PLC is expected to be listed on Nasdaq under the ticker symbol “AIIR.”
  • AIR said 2025 revenue rose to USD 400 million from USD 377 million in 2024.

 

 

2Firsts, March 31, 2026

 

According to Business Wire, AIR Limited and Cantor Equity Partners III, Inc. announced that AIR and AIR Holdings Limited have filed a Form F-4 registration statement with the U.S. Securities and Exchange Commission in connection with their previously announced proposed business combination.

 

AIR filed the F-4 as it moves toward a U.S. public listing through a SPAC merger

 

AIR said the filing of the F-4 registration statement marks another step toward becoming a public company. Under the definitive business combination agreement previously announced on November 7, 2025, the combined company, AIR Global PLC, is expected to become publicly listed on Nasdaq in the United States under the ticker symbol “AIIR.”

 

Cantor Equity Partners III, Inc. is a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald. The parties said the transaction is expected to be completed in the first half of 2026, subject to regulatory approvals and other customary closing conditions.

 

AIR reported 2025 revenue of USD 400 million and profit of USD 47 million

 

AIR also updated its business performance. The company said revenue for the year ended December 31, 2025 increased to USD 400 million from USD 377 million in the previous year, representing growth of about 6.00%.

 

For the same period, AIR said profit for the year rose to USD 47 million from USD 34 million. Adjusted EBITDA increased from USD 130 million to USD 139 million, up about 7.00%.

 

AIR said its portfolio includes Al Fakher, Hookah.com and OOKA

 

Chief Executive Officer Stuart Brazier said the F-4 filing is an important milestone in the company’s move toward public listing. AIR said it remains optimistic about the rising popularity of hookah globally, especially in the U.S. market.

 

AIR said it was launched in 1999 and is headquartered in Dubai, with operations in more than 90 markets worldwide. Its portfolio includes Al Fakher, Hookah.com and the charcoal-free shisha device OOKA. The company described Al Fakher as the largest hookah brand in the world and Hookah.com as North America’s number one B2B e-commerce platform for hookah and shisha by market share.

 

Image Source: Business Wire

 

References:
[1] AIR and Cantor Equity Partners III Announce Public Filing of Form F-4 Ahead of Planned Merger and Nasdaq Listing
Also Read:
[1] AIR Acquires Germany’s NameLess to Expand Global Presence in Flavored Hookah Market
[2] Product | “Mini Water-Bottle” Design, Rated at 60,000 Puffs: Al Fakher Launches New Disposable in the U.S. and UAE

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