Kevin McQuillan
Partner
Jersey
We have advised AIR Limited on the successful listing of AIR Global plc on the Nasdaq Stock Market, following the completion of its business combination with Cantor Equity Partners III, Inc.
The transaction, which valued the combined group at an enterprise value of approximately US$1.7bn, represents a significant cross-border capital markets transaction and follows on from the announcement of the business combination in November 2025.
Following completion, the combined entity, AIR Global plc (a Jersey incorporated entity), is now publicly listed on Nasdaq, with its ordinary shares trading under the ticker symbol AIIR.
We advised AIR throughout the transaction, from the entry into the business combination and the consummation of the mergers under Jersey law and Cayman law through to completion and successful public listing, working alongside counsel and advisers across multiple jurisdictions.
The transaction highlights our ability to deliver seamless, cross-border advice on complex public M&A and capital markets transactions involving offshore structures and US listings.
Our Jersey Corporate team was led by partner Kevin McQuillan, supported by senior associate Timur Ochkhaev and associate Angharad Prescott. They worked closely with our Cayman Islands Corporate team, led by partner Andrew Barker with support from associates Samuel Buchan and Samantha Currie.
This matter demonstrates the strength of our integrated Jersey and Cayman offering, as well as our deep experience advising on US capital markets transactions, including de-SPAC transactions and Nasdaq listings.
Kevin McQuillan, partner in our Jersey office, commented:
'It has been a pleasure to continue supporting AIR on this milestone transaction, from the initial announcement through to its successful public listing. This transaction reflects the strength of our cross-jurisdictional team and our experience advising clients on complex transactions involving offshore structures and access to US capital markets.'
