Latham & Watkins Advises AIR in Business Combination With Cantor Equity Partners III

AIR Limited, the global leader in hookah and pioneer in advanced inhalation technologies, and Cantor Equity Partners III, Inc. (Nasdaq: CAEP), a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald, announced that they have entered into a definitive business combination agreement for a proposed business combination that, upon closing, will result in the combined company AIR Global Limited becoming publicly listed in the United States with an enterprise value of US$1.7 billion.

Latham & Watkins LLP represents AIR in the transaction with a cross-border corporate deal team led by a London – Houston corporate team comprising corporate partners Jenn Engelhardt and Ryan Maierson, with associates Jennifer Cadet, Saavan Shah, Sarah Youssefi, Summer Xia, Grace Uhl, Thomas Farrell, and Sukhmani Kaur with assistance from trainee solicitor Serena Mitchell. London partner Sean Finn and Washington, D.C. partner Andrea Ramezan-Jackson, with associate Eni Kassim, advised on tax matters; London partner Charles Armstrong, with associate Farisha Khan, advised on finance matters; New York partner Austin Ozawa and London partner Kendall Burnett, with associates Alisa Hand, Kevin Matheny, and Chris Wilkinson, advised on employee benefits matters; Washington, D.C. partner Eric Volkman and London partner Charles Claypoole, with associate Dillon Curtis, advised on sanctions matters; London partner Pamela Reddy, with associate Matthew Unsworth, advised on white collar matters; and London partner Gail Crawford, with associate Oliver Mobasser, advised on IP and commercial contracts matters.