Iron Dome Acquisition I Corp. Announces Pricing of $150 Million Initial Public Offering
Rhea-AI Summary
Iron Dome Acquisition I (Nasdaq: IDACU), a SPAC, priced its $150 million IPO of 15,000,000 units at $10.00 per unit. Units begin trading on May 15, 2026, with closing expected May 18, 2026, subject to customary conditions.
Each unit includes one Class A share and half a redeemable warrant, exercisable at $11.50 per share. The company targets cybersecurity, defense tech, AI and data infrastructure businesses and granted underwriters a 45-day option for up to 2,250,000 additional units.
Positive
- $150 million IPO via 15,000,000 units priced at $10.00 each
- Planned Nasdaq Global Market listings for units (IDACU), shares (IDAC), warrants (IDACW)
- Underwriters granted 45-day option for up to 2,250,000 additional units
Negative
- Share count can increase by up to 2,250,000 units if over-allotment option is exercised
AI-generated analysis. How Rhea-AI works. Not financial advice.
New York, New York, May 14, 2026 (GLOBE NEWSWIRE) -- Iron Dome Acquisition I Corp. (the “Company”), a special purpose acquisition company, today announced the pricing of its initial public offering of 15,000,000 units at a price of
The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination in any business, industry, sector or geographical location, but the Company intends to focus its search on a target business in the cybersecurity, defense tech, AI and data infrastructure industries.
Santander is acting as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to 2,250,000 additional units at the initial public offering price to cover over-allotments, if any.
The public offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by email at equity-syndicate@santander.us, or by telephone at 833-818-1602.
A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 14, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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, the closing of the 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 in the sector it is targeting or at all. 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 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 press release, except as required by law.
Contact
Tom Y. Livne
Iron Dome Acquisition I Corp.
Phone: (410) 671-5481
Email: tom@irondome1.com
