ITHAX Acquisition Corp. (NasdaqCM:ITHX.U) announced that it has entered into a units purchase agreement for a private placement of 587,500 units at a price of $10.00 per unit with Ithax Acquisition Sponsor Llc for gross proceeds of $5,875,000 on January 8, 2021. Each private placement unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at a price of $11.50 per share. The warrants will expire five years after the completion of a business combination or earlier upon redemption or liquidation. The securities are subject to a hold period of 30 days.