Business
Idea Acquisition Corp. Announces Closing of $350 Million Initial Public Offering
LOS ANGELES, Calif, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Idea Acquisition Corp. (Nasdaq: IACOU) (the “Company”) today announced the closing of its initial public offering of 35,000,000 units at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. The units are listed on The Nasdaq Global Market (“Nasdaq”) and comm
About this update from Gloo Holdings, Inc.
[{"type":"text","content":"LOS ANGELES, Calif, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Idea Acquisition Corp. (Nasdaq: IACOU) (the “Company”) today announced the closing of its initial public offering of 35,000,000 units at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share.","length":431,"tagName":"p"},{"type":"text","content":"The units are listed on The Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “IACOU” on February 11, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “IACO” and “IACOW,” respectively.","length":329,"tagName":"p"},{"type":"text","content":"Concurrently with the closing of the initial public offering, the Company closed on a private placement of 6,000,000 warrants at a price of $1.50 per warrant, resulting in gross proceeds of $9,000,000. Idea Tender LLC, the Company’s sponsor, purchased 3,666,667 of the private placement warrants, Cantor Fitzgerald & Co. purchased 1,633,333 of the private placement warrants and Odeon Capital Group, LLC purchased 700,000 of the private placement warrants. Each private placement warrant is exercisable to purchase one Class A ordinary share at $11.50 per share. Of the proceeds received from the consummation of the initial public offering and the simultaneous private placement of warrants, $350,000,000 (or $10.00 per unit sold in the public offering) was placed in trust.","length":779,"tagName":"p"},{"type":"text","content":"Idea Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination in any industry, sector or geographic region, it expects to target opportunities and companies that are operating in the software vertical that leverages large language models or other artificial intelligence tools.","length":511,"tagName":"p"},{"type":"text","content":"Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering. Odeon Capit...