ITHAX Acquisition Corp. announced that it has received $6.75 million in funding from Ithax Acquisition Sponsor Llc, Cantor Fitzgerald & Co, Investment Arm

On February 1, 2021, ITHAX Acquisition Corp. (NasdaqCM:ITHX.U) closed the transaction. The company issued 675,000 units for the gross proceeds of $6,750,000. The 465,000 units to be purchased by the investor and 210,000 units to be purchased by the Cantor Fitzgerald & Co, Investment Arm. The issuance of the placement units was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.