Indigo Acquisition Corp. Announces Separate Trading of its Ordinary Shares and Rights
Indigo Acquisition Corp. (NASDAQ: INACU), a Cayman Islands-based blank check company, announced that starting July 30, 2025, holders of its IPO units can separately trade the company's ordinary shares and rights on the Nasdaq Global Market.
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Indigo Acquisition Corp. (NASDAQ: INACU), a Cayman Islands-based blank check company, announced that starting July 30, 2025, holders of its IPO units can separately trade the company's ordinary shares and rights on the Nasdaq Global Market. The ordinary shares and rights will trade under the symbols "INAC" and "INACR" respectively.
The company, led by CEO James S. Cassel and CFO Scott Salpeter, aims to pursue business combinations with established, profitable companies that can benefit from their management team's expertise. Unit holders must contact Continental Stock Transfer & Trust Company to separate their units into ordinary shares and rights.
Details
News Market Reaction – INACU
The recorded move for INACU in the trading session of this news was -0.10%.
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NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) -- Indigo Acquisition Corp. (NASDAQ: INACU) (the “Company”) announced today that, commencing on or about July 30, 2025, holders of its units sold in the Company’s initial public offering may elect to separately trade the Company’s ordinary shares and rights included in the units. The ordinary shares and rights that are separated will trade on the Nasdaq Global Market (“Nasdaq”) under the symbols “INAC” and “INACR,” respectively. No fractional rights will be issued upon separation of the units and only whole rights will trade. Those units not separated will continue to trade on Nasdaq under the symbol “INACU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into ordinary shares and rights.
The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus on opportunities with established, profitable companies with attractive market positions and/or growth potential that can leverage our management team’s experience and expertise. The Company is led by its Chairman of the Board and Chief Executive Officer, James S. Cassel, and its Chief Operating Officer and Chief Financial Officer, Scott Salpeter.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements.” 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 final prospectus relating to the Company’s initial public offering filed with the SEC on July 1, 2025. 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:
James S. Cassel, CEO
jcassel@cs-ib.com
305-438-7700
Scott Salpeter, CFO
ssalpeter@cs-ib.com
305-438-7700
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