New America Acquisition I Corp Announces Closing of $345 Million Initial Public Offering

Rhea-AI Summary

New America Acquisition I (NYSE:NWAX) closed an initial public offering of 34,500,000 units at $10.00 per unit, including a full 4,500,000-unit over-allotment, and began trading under NWAXU on December 4, 2025.

Each unit contains one Class A share and one-half warrant; whole warrants exercise at $11.50. Concurrent private placement raised $6,000,000. Total proceeds of $345,000,000 from the public offering are held in a U.S.-based trust to pursue a merger or similar business combination.

Positive

• $345,000,000 placed in trust for business combination
• Offering was heavily oversubscribed; full 4,500,000 overallotment exercised
• Concurrent private placement raised $6,000,000
• Units include warrants exercisable at $11.50 per share

Negative

• 34,500,000 units issued, representing potential future dilution
• Funds are locked in trust pending a business combination decision

Insights

SPAC capital markets analyst

New America Acquisition I closed a $345,000,000 IPO and fully exercised the over-allotment, creating a trust-funded SPAC vehicle.

The company sold 34,500,000 units at $10.00 per unit, including a 4,500,000-unit over-allotment, and placed $345,000,000 in a U.S.-based trust to pursue a merger or similar business combination. Each unit contains one share of Class A common stock and one-half warrant; whole warrants carry an $11.50 exercise price, and the Class A common stock and warrants are expected to trade under the symbols NWAX and NWAXW once separated.

The business mechanism is straightforward: the sponsor raised sponsor and public capital and parked proceeds in trust to use as deal currency for a target in industrial automation, data and AI infrastructure, manufacturing, or U.S. energy modernization. Key dependencies and risks include the sponsor’s ability to source and close an attractive target before trust liquidation, alignment between sponsor economics and public-unit holders, and the terms embedded in the warrants which affect dilution upon exercise. Watch for a disclosed target, the timeline the sponsor sets for a combination, and any amendments to trust terms or sponsor PIPE commitments; relevant near-term milestones include any announced target or transaction term sheet and the SPAC’s combination deadline, typically set in the initial filings (Dec 5, 2025 provides the closing date reference).

Heavily oversubscribed offering driven by deep institutional demand; underwriters exercised full over-allotment option

NEW YORK, NY / ACCESS Newswire / December 5, 2025 / New America Acquisition I Corp (NYSE:NWAXU) today announced the closing of its initial public offering of 34,500,000 units at a public offering price of $10.00 per unit, which included 30,000,000 units initially offered and sold, and an additional 4,500,000 units issued pursuant to the full exercise of the underwriters' over-allotment option. The units began trading on the New York Stock Exchange under the symbol "NWAXU" on December 4, 2025.

Kevin McGurn, Chief Executive Officer and Chairman of New America Acquisition I Corp., commented:

"Our IPO represents a significant milestone in building a focused investment platform targeting long-term opportunities across industrial automation, data and AI infrastructure, manufacturing and the modernization of U.S. energy and power systems. The offering was massively oversubscribed, which I believe reflected investor conviction in the scale of reinvestment and structural change occurring across the U.S. industrial and technology landscape. These sectors are benefiting from sustained capital deployment, advances in automation and computing and the strengthening of domestic supply chains, creating a compelling environment for scalable and profitable businesses. With the combined operating, governance and capital markets experience of our management team, board and advisory group, we are well positioned to identify a company with strong fundamentals and the potential to create meaningful long-term value as a public enterprise."

Each unit consists of one share of New America Acquisition I Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and the warrants are expected to trade on the NYSE, under the symbols "NWAX" and "NWAXW," respectively.

Concurrently with the closing of the initial public offering, the company closed a private placement of 600,000 units, at a price of $10.00 per unit, resulting in gross proceeds of $6,000,000. The private units are substantially similar to the units sold in the public offering. Of the proceeds received from the closing of the public offering and the closing of the private placement of units, $345,000,000 (or $10.00 per unit sold in the public offering) has been placed in a U.S.-based trust account. The company intends to use the amount in trust to seek a merger or similar business combination with one or more businesses.

Dominari Securities LLC ("Dominari Securities") and D. Boral Capital LLC ("D. Boral Capital") acted as co-book-running managers for the offering.

A registration statement relating to these securities became effective under the rules of the U.S. Securities and Exchange Commission (the "SEC") on November 19, 2025. The offering was made only by means of a prospectus. 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, any securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful.

About New America Acquisition I Corp

New America Acquisition I Corp is a blank-check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company intends to target established U.S.-based companies that contribute to industrial capacity, technological innovation, and economic resilience, with a focus on automation, advanced manufacturing, infrastructure and energy systems. Learn more at https://newamericaacquisition.com/

Forward Looking Statements

This press release contains forward-looking statements. Forward-looking statements are not historical facts and include statements regarding the company's plans, objectives, expectations and intentions. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. Many such risks and uncertainties are beyond the control of the company, including those discussed in the Risk Factors section of the company's registration statement for the initial public offering, which is available on the SEC's website, www.sec.gov. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Investor/Press Contact:

Brian S. Siegel, IRC®, M.B.A.
Senior Managing Director
Hayden IR - Chicago
(346) 396-8696 (o)
brian@haydenir.com

SOURCE: New America Acquisition I Corp.

View the original press release on ACCESS Newswire

FAQ

How many units did New America Acquisition I sell in the NWAX IPO on December 5, 2025?

The company sold 34,500,000 units at $10.00 per unit, including a full 4,500,000-unit overallotment.

What amount from the NWAX public offering is held in trust and for what purpose?

$345,000,000 from the public offering was placed in a U.S.-based trust to seek a merger or similar business combination.

What securities did each NWAX unit include and what is the warrant exercise price?

Each unit included one Class A share and one-half of a warrant; whole warrants are exercisable at $11.50 per share.

When did NWAX units begin trading and what are the expected ticker symbols?

Units began trading as NWAXU on December 4, 2025; Class A stock and warrants are expected to trade as NWAX and NWAXW when separated.

Who managed the New America Acquisition I IPO for NWAX?

Dominari Securities and D. Boral Capital acted as co-book-running managers for the offering.

How much did the concurrent private placement raise in the NWAX transaction?

The private placement closed at 600,000 units for gross proceeds of $6,000,000.