Idea Acquisition completes $350 million IPO on NASDAQ

Idea Acquisition Corp. (NASDAQ: IACOU) closed its initial public offering of 35 million units at $10.00 per unit, raising $350 million. Each unit includes one Class A ordinary share and one-third of one redeemable warrant, with whole warrants exercisable at $11.50 per share.

The units began trading on NASDAQ February 11, 2026 under ticker symbol "IACOU." The Class A ordinary shares and warrants will trade separately under symbols "IACO" and "IACOW" once separate trading begins.

The company completed a concurrent private placement of 6 million warrants at $1.50 per warrant, generating $9 million in gross proceeds. Idea Tender LLC, the company's sponsor, purchased 3.67 million private placement warrants, while underwriters Cantor Fitzgerald & Co. and Odeon Capital Group LLC purchased 1.63 million and 700,000 warrants respectively.

The company placed $350 million from the IPO and private placement proceeds in trust, representing $10.00 per unit sold in the public offering.

Idea Acquisition Corp. operates as a blank check company seeking to complete a business combination with one or more businesses. The company stated it expects to target opportunities in the software sector that utilizes large language models or artificial intelligence tools.

Cantor Fitzgerald & Co. served as sole book-running manager for the offering, with Odeon Capital Group LLC as co-manager. The underwriters received a 45-day option to purchase up to 5.25 million additional units to cover over-allotments.

The Securities and Exchange Commission declared the registration statement effective February 10, 2026. Information is based on a company press release.

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