Snow Rothschild Acquisition Corp. completed an initial public offering of 20 million units at $10.00 each, resulting in gross proceeds of $200 million, the company said in a statement. The proceeds from each unit will be deposited into a trust account under the custody of Continental Stock Transfer & Trust as trustee.
Each unit is composed of one Class A ordinary share and one-half of one redeemable warrant. Holders of two half-warrants will hold one whole warrant, and each whole warrant permits the purchase of one Class A ordinary share at a strike price of $11.50 per share, subject to customary adjustments.
The units are slated to begin trading on the Nasdaq Stock Market on June 9, 2026, under the ticker symbol "ISNRU." The company said that, when the constituent securities commence separate trading, the Class A ordinary shares are expected to trade under the symbol "ISNR" and the warrants under "ISNRW." The offering is anticipated to close around June 10, 2026, subject to customary closing conditions.
Santander is acting as the sole book-running manager for the offering. The company granted the underwriter a 45-day option to buy up to an additional 3 million units at the initial public offering price less the underwriting discount, an option intended to cover potential over-allotments.
Snow Rothschild Acquisition Corp. is organized as a blank-check company. Its stated corporate purpose is to effect a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses. The company said it intends to evaluate opportunities across multiple industries, with particular attention to industrial assets, although it retains the ability to pursue transactions in any sector or geographic region.
The management team listed in the filing includes Ian Snow as Chief Executive Officer and director, Nathaniel Rothschild as Chairman, and William Chai as Chief Financial Officer. The statement did not identify a specific target or timeline for a business combination beyond the standard process followed by blank-check companies.
Summary of terms:
- Offer size: 20 million units priced at $10.00 per unit, raising $200 million.
- Unit composition: one Class A ordinary share plus one-half redeemable warrant.
- Warrant exercise price: $11.50 per whole warrant, subject to adjustment.
- Trustee for unit proceeds: Continental Stock Transfer & Trust.
- Underwriter: Santander, sole book-runner, with a 45-day over-allotment option for up to 3 million additional units.