Abony Acquisition Corp. I Announces Closing of $230 Million Initial Public Offering Including Exercise of Underwriter’s Over-Allotment Option in Full

Rhea-AI Summary

Abony Acquisition Corp. I (Nasdaq: AACOU / AACO post-separations) closed its IPO of 23,000,000 units at $10.00 per unit, including a full 3,000,000-unit over-allotment, and placed $230,000,000 in trust. The company also closed a private placement of 695,000 units for $6,950,000.

Each unit includes one Class A ordinary share and one-third of a warrant exercisable at $11.50; proceeds will fund an initial business combination targeting companies with enterprise values of $750M–$1.5B.

Positive

• $230,000,000 placed in trust from IPO proceeds
• Full 3,000,000-unit over-allotment exercised
• Closed 23,000,000 units IPO at $10.00 per unit
• Private placement of 695,000 units raised $6,950,000
• Target initial business combination EV range: $750M–$1.5B

Negative

• Each warrant exercisable at $11.50 creates potential future share dilution
• Sponsor purchased 465,000 private placement units, concentrating founder holdings

Key Figures

IPO units sold: 23,000,000 units Over-allotment units: 3,000,000 units IPO price: $10.00 per unit +5 more

8 metrics

IPO units sold 23,000,000 units Initial public offering, including over-allotment

Over-allotment units 3,000,000 units Units issued via underwriter’s over-allotment option

IPO price $10.00 per unit Public offering price for each unit

Warrant exercise price $11.50 per share Exercise price for each whole redeemable warrant

Private placement units 695,000 units Concurrent private placement at $10.00 per unit

Private placement proceeds $6,950,000 Gross proceeds from private placement

Trust account funding $230,000,000 Proceeds placed in trust at $10.00 per public unit

Target enterprise value $750 million to $1.5 billion or more Intended size of initial business combination target

Market Reality Check

normal vol

Market Pulse Summary

This announcement details the completion of Abony Acquisition Corp. I’s SPAC IPO, with 23,000,000 un...

Analysis

This announcement details the completion of Abony Acquisition Corp. I’s SPAC IPO, with 23,000,000 units sold at $10.00 each and $230,000,000 placed in trust. A concurrent private placement added 695,000 units for $6,950,000. Each unit includes a share and a fraction of a warrant exercisable at $11.50. The company intends to pursue a business combination target with enterprise value between $750 million and $1.5 billion or more, highlighting typical SPAC execution and deal-selection risks for investors to monitor.

Key Terms

initial public offering, over-allotment option, redeemable warrant, registration statement, +1 more

5 terms

initial public offering financial

"today announced the closing of its initial public offering of 23,000,000 units"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

over-allotment option financial

"units issued pursuant to the exercise by the underwriter of its over-allotment option in full"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

redeemable warrant financial

"one Class A ordinary share and one-third of one redeemable warrant"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

registration statement regulatory

"A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus regulatory

"The offering was made only by means of a prospectus."

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

AI-generated analysis. Not financial advice.

AUSTIN, TX, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Abony Acquisition Corp. I (Nasdaq: AACOU) (the “Company”) today announced the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriter of its over-allotment option in full, at a public offering price of $10.00 per unit. Each unit sold in the offering 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, subject to certain adjustments.

The units are listed on the Global Market tier of the Nasdaq Stock Market LLC (“Nasdaq”) and commenced trading under the ticker symbol “AACOU” on February 19, 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 “AACO” and “AACOW,” respectively.

Concurrently with the closing of the initial public offering, the Company closed on a private placement of 695,000 units at a price of $10.00 per unit, resulting in gross proceeds of $6,950,000. Abony Sponsor I LLC, the Company’s sponsor, purchased 465,000 of the private placement units and BTIG, LLC purchased 230,000 of the private placement units. Each private placement 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. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $230,000,000 (or $10.00 per unit sold in the public offering) was placed in trust.

The Company intends to use the net proceeds from the offering after expenses, and the simultaneous private placements of units, to consummate the Company's initial business combination and for working capital following the offering.

Abony Acquisition Corp. I 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 target in any industry or geographic region, it intends to focus on companies that have an aggregate enterprise value of approximately $750 million to $1.5 billion or more, that complement the Company’s management team’s background in defense technology, advanced computing, software and media industry sectors.

BTIG, LLC acted as the sole book-running manager for the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 30, 2026. The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from BTIG, LLC, 65 East 55th Street, New York, NY 10022, by email at: ProspectusDelivery@btig.com, or by visiting the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination and the anticipated use of the net proceeds of the initial public offering and simultaneous private placement. No assurance can be given that the net proceeds of the offering will be used as indicated, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

CONTACTS

Lorne Abony
Chief Executive Officer
Abony Acquisition Corp. I
(512) 553-1770
lorne@abonyac.com 

Leo Kofman
Chief Financial Officer and Chief Operating Officer
Abony Acquisition Corp. I
(512) 553-1770
leo@abonyac.com 

FAQ

How many units did Abony Acquisition Corp. I (AACO) sell in its IPO on February 19, 2026?

They sold 23,000,000 units in the IPO, including a full 3,000,000-unit over-allotment. According to the company, each unit includes one Class A share and one-third of a redeemable warrant exercisable at $11.50.

How much cash did Abony Acquisition Corp. I (AACO) place in trust after its IPO closing?

$230,000,000 was placed in trust from the IPO proceeds at $10.00 per unit. According to the company, these funds are intended to be used to consummate an initial business combination.

What did the private placement for Abony Acquisition Corp. I (AACO) involve and who purchased units?

The company closed a 695,000-unit private placement for $6,950,000 concurrent with the IPO. According to the company, Abony Sponsor I purchased 465,000 units and BTIG purchased 230,000 units.

When will Abony Acquisition Corp. I’s (AACO) Class A shares and warrants trade separately on Nasdaq?

The units began trading on February 19, 2026 under AACOU; separate trading is expected after securities separate. According to the company, shares and warrants are anticipated to trade as AACO and AACOW, respectively.

What types of targets will Abony Acquisition Corp. I (AACO) pursue for its initial business combination?

The company intends to focus on targets with aggregate enterprise values of $750 million to $1.5 billion or more. According to the company, priority sectors include defense technology, advanced computing, software and media.