Idea Acquisition Corp. Announces Closing of $350 Million Initial Public Offering

Rhea-AI Summary

Idea Acquisition Corp (Nasdaq: IACOU) closed its initial public offering of 35,000,000 units at $10.00 per unit on February 11–12, 2026, raising $350,000,000 placed in trust.

Each unit includes one Class A ordinary share and one-third of a redeemable warrant; whole warrants exercisable at $11.50. The company also closed a private placement of 6,000,000 warrants for $1.50 each, generating $9,000,000. Underwriters hold a 45-day option to buy up to 5,250,000 additional units.

Positive

• $350 million raised and placed in trust
• Shares and units listed on Nasdaq under IACOU
• $9 million raised from private placement of 6,000,000 warrants

Negative

• Up to 5,250,000 additional units may be issued (overallotment)
• 7,000,000+ warrants outstanding could dilute future holders
• Company is a blank check vehicle with no operating revenue

Key Figures

IPO size: 35,000,000 units IPO price: $10.00 per unit Trust amount: $350,000,000 +5 more

8 metrics

IPO size 35,000,000 units Initial public offering units sold at $10.00 per unit

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

Trust amount $350,000,000 Placed in trust, equal to $10.00 per public unit

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

Private placement warrants 6,000,000 warrants Warrants sold in concurrent private placement at $1.50 each

Private placement proceeds $9,000,000 Gross proceeds from the private placement of warrants

Over-allotment units 5,250,000 units Underwriters’ 45-day option to purchase additional units

Underwriters’ option period 45 days Duration of option to cover over-allotments in the IPO

Market Reality Check

Price: $9.93 Vol: Volume 9,726,641 is in li...

normal vol

$9.93 Last Close

Volume Volume 9,726,641 is in line with the 20-day average of 9,727,641. normal

Technical Trading below the 200-day MA at 9.94, very close to the IPO unit price.

Market Pulse Summary

This announcement confirms the completion of the IPO, raising $350,000,000 into trust plus $9,000,00...

Analysis

This announcement confirms the completion of the IPO, raising $350,000,000 into trust plus $9,000,000 from a concurrent private warrant placement. The SPAC structure combines shares and warrants, with exercise set at $11.50 per share. The company targets software businesses leveraging large language models and artificial intelligence tools. Investors would typically monitor future business combination announcements, redemption levels, and warrant dynamics as key next milestones.

Key Terms

initial public offering, redeemable warrant, private placement, public offering price, +4 more

8 terms

initial public offering financial

"announced the closing of its initial public offering of 35,000,000 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.

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.

private placement financial

"closed on a private placement of 6,000,000 warrants at a price of $1.50"

A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.

public offering price financial

"initial public offering of 35,000,000 units at a public offering price of $10.00"

The public offering price is the amount of money a company charges investors to buy its shares during a new stock sale to the public. It determines how much the company raises and how much each share is worth at the start of trading. For investors, it helps gauge the initial value of the stock and whether it might be a good investment opportunity.

registration statement regulatory

"A registration statement relating to these securities was declared effective"

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. Copies of the 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.

over-allotments financial

"option to purchase up to an additional 5,250,000 units ... to cover over-allotments"

An over-allotment is a temporary extra batch of shares that the underwriters of a stock offering are allowed to sell beyond the original amount, with the right to buy those shares back later. Think of it as spare tickets sold to meet demand and then reclaimed if needed to keep the market orderly; it helps stabilize the stock price after an offering and can affect short-term supply and potential dilution, which matters to investors tracking price and ownership stakes.

underwriters financial

"The Company has granted the underwriters a 45-day option to purchase"

Underwriters are financial professionals or institutions that help companies raise money by selling new securities, such as stocks or bonds, to investors. They assess the risk and determine the price at which these securities should be sold, acting like a bridge between the company and the investors. Their role helps ensure that the company raises the needed funds while providing investors with options that reflect the level of risk involved.

AI-generated analysis. Not financial advice.

LOS ANGELES, Calif, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Idea Acquisition Corp. (Nasdaq: IACOU) (the “Company”) today announced the closing of its initial public offering of 35,000,000 units at a public offering price of $10.00 per unit. Each 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.

The units are listed on The Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “IACOU” on February 11, 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 “IACO” and “IACOW,” respectively.

Concurrently with the closing of the initial public offering, the Company closed on a private placement of 6,000,000 warrants at a price of $1.50 per warrant, resulting in gross proceeds of $9,000,000. Idea Tender LLC, the Company’s sponsor, purchased 3,666,667 of the private placement warrants, Cantor Fitzgerald & Co. purchased 1,633,333 of the private placement warrants and Odeon Capital Group, LLC purchased 700,000 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 the simultaneous private placement of warrants, $350,000,000 (or $10.00 per unit sold in the public offering) was placed in trust.

Idea Acquisition Corp. 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 operating in the software vertical that leverages large language models or other artificial intelligence tools.

Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering. Odeon Capital Group LLC acted as co-manager of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 5,250,000 units at the initial public offering price to cover over-allotments, if any.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on February 10, 2026. 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 Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, New York 10022, by email at prospectus@cantor.com, or by visiting the SEC’s website at www.sec.gov.

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, 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 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

Ryan Shea
Chief Operating Officer
Idea Acquisition Corp.
r@iacqco.com  

FAQ

What did Idea Acquisition Corp (IACOU) raise in its February 2026 IPO?

The company raised $350 million placed in trust from the public offering. According to the company, 35,000,000 units sold at $10.00 each, with additional private placement proceeds of $9,000,000 from warrants.

What securities did Idea Acquisition Corp (IACOU) issue in the offering?

Idea issued units each containing one Class A share and one-third of a warrant. According to the company, separate Class A shares and warrants will trade as IACO and IACOW once split.

What are the exercise terms of the warrants issued by IACOU?

Each whole warrant is exercisable to buy one Class A share at $11.50. According to the company, private placement warrants were sold at $1.50 per warrant and have the same $11.50 exercise price.

How many private placement warrants did Idea Acquisition Corp (IACOU) sell and for how much?

The company sold 6,000,000 private placement warrants for $1.50 each, raising $9,000,000. According to the company, sponsors and institutional buyers purchased the warrants in the concurrent private placement.

Will Idea Acquisition Corp (IACOU) grant an over-allotment option to underwriters?

Yes. The company granted a 45-day option to purchase up to 5,250,000 additional units at the IPO price. According to the company, this covers potential over-allotments and market stabilization.

What business will Idea Acquisition Corp (IACOU) pursue after the IPO?

Idea Acquisition is a blank check company targeting business combinations, focusing on software using large language models and AI tools. According to the company, it may pursue transactions across industries, sectors, and regions.