Corporate ActionMay 18, 2026, 05:22 PM
Iron Dome Acquisition I Corp. Closes $150M Initial Public Offering
AI Summary
Iron Dome Acquisition I Corp. announced the closing of its initial public offering of 15,000,000 units at $10.00 per unit, generating gross proceeds of $150,000,000. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Simultaneously, the company completed a private placement of 2,750,000 private placement warrants to its Sponsor for $2,750,000. The SPAC intends to focus its search for a business combination in cybersecurity, defense tech, AI, and data infrastructure industries.
Key Highlights
- Closed initial public offering of 15,000,000 units at $10.00 per unit.
- Generated gross proceeds of $150,000,000 from the IPO.
- Each unit comprises one Class A ordinary share and one-half of one redeemable warrant.
- Warrants are exercisable at $11.50 per Class A ordinary share.
- Private placement of 2,750,000 warrants to Sponsor for $1.00 each, raising $2,750,000.
- Units began trading on Nasdaq under "IDACU" on May 15, 2026.
- Company intends to focus on cybersecurity, defense tech, AI, and data infrastructure for business combinations.
- Santander US Capital Markets LLC acted as sole book-running manager.
Price Impact
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