ARC Group Securities Acquisition I Announces Pricing of $105,000,000 Initial Public Offering
Rhea-AI Summary
ARC Group Securities Acquisition I (Nasdaq: FJDIU/FJDI) priced its initial public offering of 10,500,000 units at $10.00 per unit, for gross proceeds of $105,000,000. The units are expected to begin trading on the Nasdaq Stock Market on August 4, 2026 under the symbol FJDIU, with the IPO expected to close on August 5, 2026, subject to customary conditions.
Each unit includes one Class A ordinary share, one redeemable warrant exercisable at $11.50 per share, and one right to receive one-fourth of a Class A share upon completion of an initial business combination. Following separation, the Class A shares, warrants and rights are expected to trade under FJDI, FJDIW and FJDIR, respectively. The Cayman Islands blank check company plans to pursue a business combination, potentially in technology, healthcare or logistics. Underwriters led by ARC Group Securities have a 45-day option to purchase up to 1,575,000 additional units to cover over-allotments.
Positive
- $105,000,000 IPO from 10,500,000 units at $10.00
- Listing on Nasdaq with symbols FJDIU, FJDI, FJDIW, FJDIR
- Underwriters granted 45-day option for 1,575,000 additional units
Negative
- None.
News Explained
The Form S-1 registration statement became effective on
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NEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- ARC Group Securities Acquisition I (the “Company”) announced today the pricing of its initial public offering of 10,500,000 units at a price of
The Company is a blank check company incorporated as a Cayman Islands exempted company and 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, which is referred to herein as its initial business combination. While the Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, it intends to identify and acquire a business where it believes its management team’s and its affiliates’ expertise will provide it with a competitive advantage, including technology, healthcare and logistics industries. The Company is led by Ian Hanna, its Chief Executive Officer and Chairman, and Jake Carney, its Chief Financial Officer.
ARC Group Securities LLC acted as Lead Left Bookrunner and as representative of the underwriters of this offering. Clear Street LLC acted as Joint Bookrunner and as Qualified Independent Underwriter of this offering. The underwriters have been granted a 45-day option to purchase up to an additional 1,575,000 units offered by the Company to cover over-allotments, if any.
Lucosky Brookman LLP serves as legal counsel to the Company on the initial public offering, and Mourant Ozannes (Cayman) LLP serves as Cayman Islands legal counsel to the Company. Hunter Taubman Fischer & Li LLC serves as legal counsel to ARC Group Securities LLC.
The public offering was made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from ARC Group Securities LLC at 398 S. Mill Avenue, Suite 306, Tempe, AZ 85281, or by email at operations@arc-securities.com. A registration statement on Form S-1 (File No. 333-291302) relating to the securities was declared effective by the U.S. Securities and Exchange Commission on August 3, 2026. 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 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 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 relating to the offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, at 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:
ARC Group Securities Acquisition I
398 S. Mill Avenue, Suite 306
Tempe, Arizona 85281
Attn: Ian Hanna
Chief Executive Officer & Chairman
(928) 625-0928
