Harbour Island Acquisition Corp. I (HRIA) priced its initial public offering of units, totaling $100,000,000, ahead of expected Nasdaq trading.
The offering comprises 10,000,000 units at $10.00 each, with one Class A ordinary share and one redeemable warrant per unit. Each warrant permits purchase of one Class A share at $11.50, subject to adjustments. Units are expected to begin trading October 14, 2026, as HRIAU; closing is expected October 15, subject to customary conditions. Shares and warrants are expected to trade separately as HRIA and HRIAW once separate trading begins. Underwriters have a 45-day option to buy up to 1,500,000 additional units at the IPO price. Clear Street is sole book-running manager.
The blank check company plans to focus on acquisition targets in industrial materials, engineered components, and equipment and supply chains supporting technology assets, while retaining flexibility across industries and regions.