Dubai Hookah Maker AIR to Go Public in Merger With Cantor SPAC

AIR Ltd., the owner of hookah brand Al Fakher, is planning to list in the US in the first half of next year through a merger with a blank check vehicle backed by Cantor Fitzgerald.

Dubai-based AIR is combining with Cantor Equity Partners III Inc., according to a statement seen by Bloomberg News. The special purpose acquisition company raised $276 million when it went public in late June. CEP III is led by Cantor Fitzgerald’s chairman and chief executive officer, Brandon Lutnick, the son of the current US Commerce Secretary and former Cantor CEO Howard Lutnick.

AIR is not ...