Corporate ActionMay 22, 2026, 04:22 PM
IDAC Completes IPO, Raises $157.8M for Trust Account
AI Summary
Iron Dome Acquisition I Corp. announced the completion of its initial public offering (IPO) of 15,000,000 units at $10.00 per unit, alongside a private placement of 2,750,000 warrants. The underwriter also partially exercised its over-allotment option for an additional 700,000 units. These actions resulted in a total of $157,785,000 being placed in the company's trust account to fund a future business combination.
Key Highlights
- IDAC completed its IPO of 15,000,000 units at $10.00 per unit, raising $150,000,000.
- A private placement of 2,750,000 warrants at $1.00 per warrant generated $2,750,000.
- The underwriter partially exercised the over-allotment option for 700,000 units, generating $7,000,000.
- Total proceeds of $157,785,000 were placed in the trust account as of May 20, 2026.
- Transaction costs for the IPO amounted to $12,633,304.
- The company had cash of $1,220,164 and total assets of $151,970,164 as of May 18, 2026.
Price Impact
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