DLA Piper advised Cantor Equity Partners III, Inc., a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald, in the closing of its previously announced business combination with AIR Limited, the global leader in flavored shisha molasses and a pioneer in advanced inhalation technologies.
Upon closing, the combined company was renamed AIR Global PLC, and its ordinary shares began trading on the Nasdaq Stock Market under the ticker symbol “AIIR” on May 18, 2026. The transaction valued the combined company at an enterprise value of US$1.7 billion.
The DLA Piper team included Partners Stephen Alicanti, Sidney Burke, Carina Meleca, Bianca LaCaille (all New York), and Associate Nick Young (Phoenix). Additional support was provided by Partners William Bartow, Jae Kim (both Philadelphia), Paolo Morante (New York), Julia Kovacs, Aurelie Ercoli (both Washington, DC), and Victoria Richter (Chicago); Of Counsel Arlette Grabczynska (Chicago), Michael Madigan (New York), and Priya Narahari (Philadelphia); and Associates James Duchesne (Washington, DC), Jianyuan Hua (New York), Sarah Cooper (Seattle), and Irina Rudenko (Dallas).
