Iron Dome Acquisition I Corp., a special purpose acquisition company formed to pursue a business combination, has priced its initial public offering at $10.00 per unit. The company sold 15 million units in the offering, raising gross proceeds of $150 million, according to a company statement.
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Under the terms disclosed, each whole warrant entitles its holder to purchase one Class A ordinary share at $11.50 per share. The units are expected to begin trading on the Nasdaq Global Market under the symbol "IDACU" on May 15, 2026.
Iron Dome Acquisition I Corp. indicated that once the securities that make up the units start trading separately, the Class A ordinary shares and the warrants will be listed on Nasdaq under the ticker symbols "IDAC" and "IDACW," respectively. The company said the offering is expected to close on May 18, 2026, subject to customary closing conditions.
The SPAC was organized to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Management specified that its search for targets will focus on companies operating in the cybersecurity, defense technology, artificial intelligence and data infrastructure sectors.
Santander served as the sole book-running manager for the offering. As is common in public offerings, the company granted the underwriters a 45-day option to buy up to 2.25 million additional units at the initial public offering price to cover potential over-allotments.
Regulatory filings show a registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission on May 14, 2026. The company did not provide further operational details or disclose a specific timeline for identifying or closing a target business beyond the standard formation objectives for a SPAC.
How the offering is structured
- 15 million units were offered at $10.00 per unit, generating $150 million in proceeds.
- Each unit contains one Class A ordinary share plus one-half of one redeemable warrant.
- Each full warrant allows purchase of one Class A ordinary share at an $11.50 strike price.
Timing and listing
- Units expected to start trading on Nasdaq Global Market as "IDACU" on May 15, 2026.
- Once the components trade separately, shares and warrants are expected to trade as "IDAC" and "IDACW".
- Offering expected to close on May 18, 2026, subject to customary closing conditions.
This report presents the offering terms and the stated strategic focus areas as provided by the company. No additional claims about prospective transactions, target companies, or timing beyond the company disclosure are made here.