AIR SPAC Merger Deal: Dubai’s AIR to Go Public

AIR SPAC merger deal leads Dubai’s AIR, owner of the popular hookah brand Al Fakher, to go public in the US through a $1.75 billion transaction with Cantor Equity Partners III. The merger, expected to be finalized in the first half of 2026, marks AIR’s entry to the Nasdaq stock exchange under the ticker “AIIR”.​ AIR’s management announced the agreement for the special purpose acquisition company (SPAC) merger, which provides an alternative route for companies aiming to enter public markets efficiently. This strategy is regaining traction in the United States, following a period of reduced SPAC activity due to lackluster stock results and increased