Insight Digital Partners II Announces Pricing of $150 Million Initial Public Offering

Rhea-AI Summary

Insight Digital Partners II (NASDAQ:DYORU) priced an initial public offering of 15,000,000 units at $10.00 per unit, raising gross proceeds of approximately $150 million. Units are expected to begin trading on October 29, 2025 with the offering expected to close on October 30, 2025. Each unit includes one Class A ordinary share and one-half of a redeemable warrant; whole warrants are exercisable at $11.50 per share. Once separated, shares and warrants are expected to trade under DYOR and DYORW.

The company is a blank check vehicle targeting digital-economy opportunities. The underwriter has a 45-day option to purchase up to 2,250,000 additional units to cover over-allotments.

Positive

• $150M gross proceeds from IPO
• Expected Nasdaq listing under DYORU/DYOR/DYORW
• Warrants exercisable at $11.50 may provide upside
• 45-day overallotment supports market stabilization (2,250,000 units)

Negative

• Blank-check structure risks no assurance of completing a business combination
• Potential dilution from warrants and future shares
• Underwriter option equals 15% additional units, increasing supply if exercised

Insights

Capital Markets Analyst

Priced IPO of 15,000,000 units raises $150,000,000; SPAC structure and warrant terms create straightforward financing with conditional execution risks.

The company sold 15,000,000 units at $10.00 per unit, totaling $150,000,000, with each unit including one Class A ordinary share and one-half warrant; whole warrants exercise at $11.50. The units will trade on Nasdaq under DYORU beginning on October 29, 2025, with separate listings expected as DYOR (shares) and DYORW (warrants) once separation occurs. The offering is expected to close on October 30, 2025, and the underwriter holds a 45-day over-allotment option for up to 2,250,000 additional units at the IPO price.

The business mechanism is capital formation via a blank-check company designed to fund a future business combination; proceeds create a war chest to pursue targets in digital-economy infrastructure, including payments, stablecoin support, staking/mining, exchanges, high-performance computing, and related energy opportunities. Dependencies and risks are explicit: the company must complete a qualifying business combination for investors to see operating assets, and the press release cautions the offering may not close or proceeds may not be used as anticipated. Watch the expected closing on October 30, 2025, any exercise of the 45-day over-allotment option, and subsequent filings that name proposed acquisition targets or disclose use of proceeds; those items will materially change the investment case within weeks to months.

NEW YORK, NY, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Insight Digital Partners II (the “Company”) today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Global Market (“Nasdaq”) and are expected to trade under the ticker symbol “DYORU” beginning on October 29, 2025. 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, subject to certain adjustments. Only whole warrants will be exercisable. 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. The offering is expected to close on October 30, 2025.

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, is acting as the sole book-running manager for the offering.  The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.

A registration statement on Form S-1 (File No. 333-289728) relating to these securities was filed with the Securities and Exchange Commission (the “SEC”) and became 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 is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or 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 preliminary prospectus for the Company’s 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

What did Insight Digital Partners II (DYORU) price its IPO at and how much was raised?

The IPO was priced at $10.00 per unit for 15,000,000 units, representing approximately $150 million in gross proceeds.

When will DYORU begin trading on Nasdaq and what are the ticker symbols?

Units are expected to begin trading on October 29, 2025 as DYORU; shares and warrants should trade as DYOR and DYORW after separation.

What does each DYORU unit include and what are the warrant terms?

Each unit includes one Class A ordinary share and one-half of a warrant; whole warrants are exercisable to buy one share at $11.50 per share, subject to adjustments.

When is the offering expected to close for DYORU?

The offering is expected to close on October 30, 2025.

Is there an overallotment option in the DYORU offering and how large is it?

Yes; the underwriters have a 45-day option to purchase up to 2,250,000 additional units at the IPO price to cover over-allotments.