DUBAI, United Arab Emirates, May 16 — AIR Limited (“AIR” or the “Company”), the global leader in flavored shisha molasses and pioneer in advanced inhalation technologies, today announced the closing of its previously announced business combination with Cantor Equity Partners III (“CAEP”), which was approved by CAEP shareholders at an extraordinary general meeting on May 12, 2026.
In connection with the closing of the business combination, the AIR group will be publicly traded under the listing entity, AIR Global PLC, with its ordinary shares set to begin trading on Nasdaq under the ticker symbol “AIIR” on May 18, 2026.
“As the global leader in flavored shisha molasses, or hookah, and a Nasdaq listed company, AIR transcends the category’s millennium-long heritage as social inhalation both grows in popularity and becomes a dominant lifestyle trend worldwide,” said Stuart Brazier, CEO of AIR. “With best-in-class flavors and products, coupled with technology-first and science-backed devices and a robust business with a strong capital foundation and global manufacturing capabilities, we have created the world’s only pure-play platform for hookah.”
Board of Directors
The Company further announced that, upon closing, AIR Global PLC’s Board of Directors will include Stuart Brazier (CEO of AIR), Faisal Bari (former Group CFO of Americana), Ian Fearon (formerly Principal Scientist and International Regulatory Affairs Manager at British American Tobacco), Andrew Gundlach (President and CEO of Bleichroeder LP, a registered investment adviser), Husam Manna (board member of the Bank of Jordan), Reinhard Mieck (former Chairman and CEO of AIR), Manuel Stotz (Founder and CEO of Kingsway Capital) and Tamir Saeed (Managing Partner of Kingsway Capital). The Company may announce one additional board member at a later date.
Background Information on AIR’s Business Combination
On November 7, 2025, AIR and CAEP announced that they entered into a definitive business combination agreement (the “Business Combination”) that, at closing, resulted in the combined company AIR Global PLC (“AIR Global”) to become publicly listed on the Nasdaq in the United States under the ticker symbol “AIIR.”
Additional information about the Business Combination, including a copy of the Business Combination Agreement, are available in a Current Report on Form 8-K filed by CAEP with the SEC on November 7, 2025 and the definitive proxy statement filed by CAEP and the Registration Statement filed by the Company and AIR Holdings Limited with the SEC, each dated April 22, 2026 and all available at www.sec.gov.