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

Rhea-AI Summary

Idea Acquisition Corp (NASDAQ:IACOU) priced a $350 million IPO of 35,000,000 units at $10.00 per unit, with trading expected to begin on Feb 11, 2026 and close on Feb 12, 2026, subject to customary conditions.

Each unit includes one Class A share and one-third of a warrant (whole warrants exercisable at $11.50). The company targets AI/software businesses leveraging large language models. Cantor Fitzgerald is sole book-runner; Odeon Capital Group is co-manager. The SEC declared the registration effective on Feb 10, 2026. A 45-day over-allotment option covers up to 5,250,000 additional units.

Positive

• $350 million of capital raised via the IPO
• Targeted focus on software using large language models aligns corporate thesis with AI demand
• Cantor Fitzgerald acting as sole book-runner provides institutional underwriting support

Negative

• Warrants exercisable at $11.50 and unit structure could create future dilution
• Underwriters' 45-day option for 5,250,000 additional units may increase outstanding shares and warrants

NEW YORK, NY, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Idea Acquisition Corp. (the “Company”) today announced the pricing of its initial public offering of 35,000,000 units at a price of $10.00 per unit. The units are expected to commence trading on The Nasdaq Global Market (“Nasdaq”) under the ticker symbol “IACOU” beginning on February 11, 2026. Each unit sold in the offering 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, 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 “IACO” and “IACOW,” respectively. The offering is expected to close on February 12, 2026, subject to customary closing conditions.

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. is acting as the sole book-running manager for the offering. Odeon Capital Group LLC is acting 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 is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, 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.

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

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

FAQ

What did Idea Acquisition Corp (IACOU) announce about its IPO on February 10, 2026?

The company priced a 35,000,000-unit IPO at $10.00 per unit, totaling $350 million. According to the company, trading is expected to begin Feb 11, 2026 and the offering to close on Feb 12, 2026, subject to customary closing conditions.

When will Idea Acquisition Corp (IACOU) units and separate securities start trading on Nasdaq?

Units are expected to begin trading on Feb 11, 2026 under ticker IACOU. According to the company, once separated, shares and warrants are expected to list under IACO and IACOW, respectively.

What does each Idea Acquisition Corp (IACOU) unit include and what are the warrant terms?

Each unit contains one Class A ordinary share and one-third of a redeemable warrant. According to the company, whole warrants will be exercisable for one share at $11.50, subject to adjustments.

How much additional over-allotment capacity does Idea Acquisition Corp (IACOU) grant underwriters?

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 to stabilize the offering.

What industry targets did Idea Acquisition Corp (IACOU) identify for its business combination?

Idea Acquisition Corp said it expects to target companies in the software vertical that leverage large language models and AI tools. According to the company, it may pursue combinations across industries and geographies but will focus on that software niche.

Who are the underwriters for Idea Acquisition Corp's (IACOU) offering and where is the prospectus available?

Cantor Fitzgerald is the sole book-running manager and Odeon Capital Group is co-manager. According to the company, the prospectus will be available from Cantor Fitzgerald and on the SEC website at www.sec.gov.