CAEP News & Events

AIR Limited announced plans to open a new approximately 70,000-square-foot manufacturing facility in Romania, located in Stefanesti, Bucharest North. The facility is expected to commence operations by Q1 2027. Once fully operational, AIR expects to support more than 150 high-quality jobs at the facility, which is expected to be capable of producing more than 4,000 tons of flavored shisha molasses each year. This new facility would extend AIR's operational capacity and flexibility in an increasingly uncertain global geopolitical environment. "This new facility represents our continued momentum and a strategic advancement as we fortify our position as the global market leader in social inhalation products," said Stuart Brazier, CEO of AIR. "As we expand our global footprint and move towards a public market listing, this facility will enhance our production capabilities and provide added operational resilience in the context of a more uncertain global geopolitical context. It's exactly the type of strategic direction that supports long-term operational strength and supply chain flexibility for our growing line of products." On November 7, 2025, AIR and CAEP announced that they entered into a definitive business combination agreement (the "Business Combination") that, upon closing, is intended to result in the combined company AIR Global PLC becoming publicly listed on the Nasdaq in the United States under the ticker symbol "AIIR."

AIR Limited and Cantor Equity Partners III announced that on April 22, 2026, the Securities and Exchange Commission declared effective the Registration Statement on Form F-4 filed by the Company and AIR Holdings Limited with the SEC in connection with AIR and CAEP's proposed business combination, previously announced on November 7, 2025. In connection with the Business Combination, an Extraordinary General Meeting of CAEP shareholders is expected to be held at 11:00 am ET on May 12 2026, for shareholders of record as of April 17, 2026, the record date to vote on proposals to approve the transactions comprising the business combination. Further information about the Extraordinary General Meeting and associated voting procedures are contained in a definitive proxy statement filed by CAEP with the SEC on April 22, 2026. Security holders are encouraged to carefully review the disclosures and voting information in advance of the May 12, 2026, Extraordinary General Meeting.

AIR Limited and Cantor Equity Partners III announced the filing of a Registration Statement on Form F-4 by the Company and AIR Holdings Limited with the U.S. Securities and Exchange Commission in connection with the previously announced proposed business combination. As the transaction progresses, AIR's business remains on a growth trajectory. For the year ending Dec. 31, 2025, AIR's revenue increased approximately 6% to $400M from $377M the previous year. For the same period, AIR's profit for the year was $47M and $34M for the years ending Dec. 31, 2025, and 2024, respectively. For the same period, AIR's adjusted EBITDA also improved 7% to $139M from $130M. On Nov. 7, AIR and CAEP, a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald, announced that they entered into a definitive business combination agreement for a proposed business combination that, upon closing, will result in the combined company AIR Global becoming publicly listed on the Nasdaq in the United States under the ticker symbol "AIIR." The transaction is expected to be completed in the first half of 2026, subject to regulatory approvals and other customary conditions.