STOCK RADAR
Detected
CAEPNasdaq Trader

Cantor Equity Partners III, Inc. Class A business combination closes effective May 18, 2026

Strategic TransactionvolatileImpact70

Why It Matters

Holders must transition from CAEP to AIIR shares, face a temporary suspension, and potential price and liquidity disruption when AIIR begins trading.

Summary

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The SPAC merger closed and CAEP Class A shares were suspended, with each CAEP share converted into one Air Global PLC (AIIR) ordinary share. CAEP stopped trading May 15 and the combined company (AIIR) becomes listed effective May 18, 2026.

Score70

Score Rationale

volatile

Completed SPAC business combination materially changes tradability and underlying equity.

Bullish

  • Conversion is one-for-one, so share counts for holders remain straightforward.
  • New combined company listing can expand investor base and liquidity.
  • Immediate Nasdaq Capital Market listing provides a continuous market for new shares.

Bearish

  • CAEP trading suspension removes ability to trade until AIIR begins trading.
  • New company business and fundamentals differ from SPAC shell risk profile.
  • Near-term volatility likely at listing as market reprices combined entity.

Key Evidence

  • Nasdaq notice: merger consideration one AIIR share per CAEP share.
  • Nasdaq notice: CAEP last trading date May 15, 2026; suspension effective May 18, 2026.
  • Nasdaq notice: Air Global PLC to be listed on Nasdaq Capital Market effective May 18, 2026.

What To Watch Next

  1. First trade date, opening price, and intraday liquidity for AIIR.
  2. Broker procedures and timeline for conversion/delivery of AIIR shares.
  3. SEC filings from Air Global for pro forma ownership and share count.
  4. Any announced share issuances or PIPEs that could dilute holders.
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Shell Companies Market Context

SectorFinancial Services+0.88%
IndustryShell Companies
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Original Article

The business combination of Cantor Equity Partners III, Inc. (CAEP) & Air Global PLC closed today, May 15, 2026. As a result of the business combination, the Class A Ordinary Shares of Cantor Equity Partners III, Inc. (CAEP) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Cantor Equity Partners III, Inc. Class A Ordinary Shares
CUSIP#: G1828A108
Symbol: CAEP
Last Trading Date: May 15, 2026
Marketplace Effective Date for Suspension: May 18, 2026
Merger Consideration: One (1) Air Global PLC Ordinary Share (AIIR) for each share held.

As a result of the merger the combined company will be listed on the Nasdaq Capital Market. The details are as follows:

Company Name/Issue: Air Global PLC Ordinary Shares
CUSIP#: G0180Y100
Symbol: AIIR
Marketplace Effective Date: May 18, 2026

If you would like to register as a market maker in AIIR, contact Nasdaq Trading Services at +1 212 231 5100.