Insight Digital Partners II Announces Closing of $172.5 Million Initial Public Offering Including Exercise of Underwriters’ Over-Allotment Option in Full

Rhea-AI Summary

Insight Digital Partners II (Nasdaq: DYORU) closed its IPO of 17,250,000 units at $10.00 per unit on October 30, 2025, including full exercise of a 2,250,000-unit over-allotment option. Each unit contains one Class A ordinary share and one-half redeemable warrant; each whole warrant is exercisable at $11.50. The units began trading on Nasdaq under DYORU on October 29, 2025.

Concurrently, the company completed a private placement of 5,450,000 warrants at $1.00 each for gross proceeds of $5.45M. Total IPO proceeds of $172.5M were placed in trust. The company is a blank check vehicle targeting digital-economy infrastructure and related sectors.

Positive

• $172.5M placed in trust from IPO proceeds
• Units IPO size of 17.25M units including full overallotment
• Private placement raised $5.45M via 5,450,000 warrants
• Warrants exercisable at $11.50, offering potential future capital

Negative

• Company is a blank check vehicle with no operating business yet
• Proceeds in trust until a business combination, limiting immediate use

Insights

Capital Markets Analyst

SPAC completed a $172.5M IPO and concurrent private warrant sale; proceeds placed in trust while it seeks a digital‑economy target.

The company raised $172,500,000 in a public unit offering at $10.00 per unit and sold $5,450,000 of private placement warrants at $1.00 each; the offering included a full over‑allotment exercise and began trading on October 29, 2025 under the symbol DYORU. Each unit contains one Class A share and one‑half of a warrant exercisable at $11.50, and the trust now holds the net offering proceeds, aligning incentives for finding a business combination.

Outcomes hinge on the company completing a qualifying business combination and market reception to its target sectors; risks include blank check time limits, sponsor economics, and dilution from warrants and private placements. Watch for announced acquisition targets, definitive transaction terms, and any shareholder votes or redemptions over the next typical SPAC search period (commonly up to two years); near‑term milestones also include the expected separate listing of shares and warrants under DYOR and DYORW.

NEW YORK, NEW YORK, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Insight Digital Partners II (Nasdaq: DYORU) (the “Company”) today announced the closing of its initial public offering of 17,250,000 units, which includes 2,250,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half 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 commenced trading under the ticker symbol “DYORU” on October 29, 2025. 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 “DYOR” and “DYORW,” respectively.

Concurrently with the closing of the initial public offering, the Company closed on a private placement of 5,450,000 warrants at a price of $1.00 per warrant, resulting in gross proceeds of $5,450,000. Insight Digital Partners Sponsor LLC, the Company’s sponsor, purchased 3,725,000 of the private placement warrants and Cohen & Company Capital Markets purchased 1,725,000 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 a simultaneous private placement of warrants, $172,500,000 (or $10.00 per unit sold in the public offering) was placed in trust.

Insight Digital Partners II 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 in high-growth, high-impact sectors that form the backbone of the digital economy. Target areas include infrastructure supporting stablecoins and digital payments, staking and mining operations, trading and exchange platforms, and high-performance computing—alongside innovative opportunities in energy that power these advancements.

Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, acted as the sole book-running manager of the offering.

A registration statement relating to these securities has become effective pursuant to Section 8(a) of the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or the 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.

The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.

Cautionary Note Concerning 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. 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 for the 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.

Contact

Chelsea Saffran
Communications Director
Insight Digital Partners II
csaffran@insightacqcorp.com

FAQ

How many units did Insight Digital Partners II sell in the IPO (DYORU) and at what price?

The company sold 17,250,000 units at $10.00 per unit, including full exercise of a 2,250,000-unit overallotment.

What securities are included in each DYORU unit and what are warrant terms?

Each unit contains one Class A ordinary share and one-half of a redeemable warrant; each whole warrant is exercisable to buy one Class A share at $11.50.

How much money from the DYORU offering was placed in trust and when did trading start?

$172.5 million was placed in trust and the units commenced trading on Nasdaq under DYORU on October 29, 2025.

What was included in the concurrent private placement for Insight Digital Partners II?

The company closed a private placement of 5,450,000 warrants at $1.00 each, generating $5.45 million in gross proceeds.

Which Nasdaq symbols will the separate securities use once units split for Insight Digital Partners II?

When separated, Class A ordinary shares are expected to trade under DYOR and warrants under DYORW.