AIR Limited filed a Form F-4 with the U.S. Securities and Exchange Commission tied to its planned merger with SPAC Cantor Equity Partners III, Inc., a vehicle backed by an affiliate of Cantor Fitzgerald, paving the way for a Nasdaq listing under ticker “AIIR” in H1 2026. The hookah-focused group, led by flagship brand Al Fakher, reported 2025 revenue up 6% to $400 million, profit rising to $47 million from $34 million, and adjusted EBITDA up 7% to $139 million, as CEO Stuart Brazier cited growing U.S. and global demand and the benefits of public-market access for future expansion.
