Corporate ActionMay 11, 2026, 05:31 PM
IDAC Files S-1/A for IPO of 15M Units at $10.00
AI Summary
Iron Dome Acquisition I Corp. (IDAC), a blank check company, filed an S-1/A for its initial public offering of 15,000,000 units at $10.00 per unit, aiming to raise $150,000,000. Each unit comprises one Class A ordinary share and one-half of one redeemable warrant. The company intends to deposit $150,750,000 into a trust account and has 18 months to complete a business combination. The filing also details the sponsor's founder shares and private placement warrant purchases, as well as compensation for IPO advisors.
Key Highlights
- Initial public offering of 15,000,000 units at $10.00 per unit, totaling $150,000,000.
- Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
- $150,750,000 will be deposited into a U.S.-based trust account.
- Company has 18 months from closing to consummate an initial business combination.
- Underwriter has a 45-day option to purchase up to an additional 2,250,000 units.
- Sponsor, Iron Dome Acquisition I Parent LLC, initially purchased 5,816,667 founder shares for $25,000.
- Sponsor will purchase 2,750,000 private placement warrants at $1.00 per warrant.
- IPO advisors will receive an aggregate of 200,000 Class A ordinary shares as compensation.