Idea completed a $350 million IPO of 35,000,000 units and placed the proceeds in a U.S. trust account.
Key Highlights:
- Sold 35,000,000 units at $10.00 each, generating $350,000,000 of gross proceeds.
- Completed private placement of 6,000,000 warrants for $9,000,000 ($1.50 per warrant).
- $350,000,000 of proceeds (including up to $14,000,000 deferred underwriting fee) held in U.S. trust account.
- Auditor issued clean opinion on balance sheet as of Feb 12, 2026 reflecting trust cash of $350,000,000.
- Transaction costs totaled $21,662,847; deferred underwriting fee payable of $14,000,000 recorded.
Original SEC Filing:
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