Lafayette Digital Acquisition Corp. I Announces Closing of $287,500,000 Initial Public Offering

Rhea-AI Summary

Lafayette Digital Acquisition Corp. I (Nasdaq: ZKPU) closed its initial public offering on January 12, 2026, selling 28,750,000 units at $10.00 per unit, including 3,750,000 units from the underwriters' full over-allotment, for aggregate gross proceeds of $287,500,000.

Each unit comprises one Class A ordinary share and one-fourth of one redeemable warrant. Whole warrants become exercisable 30 days after the company’s initial business combination at an exercise price of $11.50 per share. Units trade on Nasdaq under ZKPU; separated shares and warrants are expected to trade as ZKP and ZKPW. The company intends to use net proceeds to pursue a business combination. BTIG served as sole book-running manager.

Positive

• Gross proceeds of $287,500,000 raised in the IPO
• Over-allotment fully exercised: 3,750,000 units
• Nasdaq listing provides immediate public market liquidity (ticker ZKPU)

Negative

• Warrants exercisable at $11.50 may dilute equity upon exercise
• Proceeds intended for a business combination; no announced target or timeline

Key Figures

Gross proceeds: $287,500,000 Units offered: 28,750,000 units Over-allotment units: 3,750,000 units +4 more

7 metrics

Gross proceeds $287,500,000 Initial public offering

Units offered 28,750,000 units Initial public offering including over-allotment

Over-allotment units 3,750,000 units Underwriters’ full over-allotment option

Offering price $10.00 per unit Initial public offering price

Warrant fraction One-fourth of one warrant Each unit’s warrant component

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

IPO announcement date Jan. 12, 2026 Closing of initial public offering

Market Reality Check

Price: $9.89

normal vol

$9.89 Last Close

Market Pulse Summary

This announcement confirms the closing of Lafayette Digital Acquisition Corp. I’s IPO, raising $287,...

Analysis

This announcement confirms the closing of Lafayette Digital Acquisition Corp. I’s IPO, raising $287,500,000 through 28,750,000 units at $10.00 each, including the full over-allotment. Each unit includes a fractional warrant with a $11.50 exercise price per share. As a SPAC, a key focus going forward is the identification and execution of a suitable business combination, along with the terms offered to existing shareholders.

Key Terms

special purpose acquisition company, over-allotment option, redeemable warrant, registration statement, +1 more

5 terms

special purpose acquisition company financial

"a newly organized special purpose acquisition company formed as a Cayman Islands..."

A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.

over-allotment option financial

"includes 3,750,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

redeemable warrant financial

"one Class A ordinary share and one-fourth 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.

registration statement regulatory

"A registration statement relating to the securities has been filed with, and declared effective by, the SEC"

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"

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.

AI-generated analysis. Not financial advice.

Miami, FL, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Lafayette Digital Acquisition Corp. I (Nasdaq: ZKPU) (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the closing of its initial public offering of 28,750,000 units, which includes 3,750,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option, at an offering price of $10.00 per unit, resulting in aggregate gross proceeds to the Company of $287,500,000. Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. Each whole warrant, which becomes exercisable 30 days after the completion of the Company’s initial business combination, will entitle the holder thereof to purchase one Class A ordinary share at $11.50 per share, subject to adjustments. The units are listed on The Nasdaq Stock Market LLC (“Nasdaq”) and trade under the ticker symbol “ZKPU”. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “ZKP” and “ZKPW,” respectively.

The Company intends to use the net proceeds from the offering and the simultaneous private placement of units to pursue and consummate a business combination with one or more businesses.

BTIG, LLC is acting as sole book-running manager for the offering. Loeb & Loeb LLP served as legal counsel to the Company. Kirkland & Ellis LLP served as legal counsel to the underwriters.

The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from: BTIG, LLC, 65 East 55th Street, New York, New York 10022, Attn: Syndicate Department, or by email at ProspectusDelivery@btig.com, or by accessing the website of the Securities and Exchange Commission (“SEC”) at www.sec.gov.

A registration statement relating to the securities has been filed with, and declared effective by, the SEC. This press release shall not constitute an offer to sell or a 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

About Lafayette Digital Acquisition Corp. I

Lafayette Digital Acquisition Corp. I is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, 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 a business combination in any sector, the Company will primarily focus on target businesses in the technology industry. The Company’s management team is led by Samuel A. Jernigan IV, its Chief Executive Officer and Chairman of the Board of Directors.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds thereof and the Company’s search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. 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 prospectus for the IPO 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.

Contacts:

Samuel A. Jernigan IV
Chief Executive Officer
sam@lafayettemacro.com

FAQ

How many units did Lafayette Digital Acquisition Corp. I sell in the IPO (ZKP/ZKPU) on Jan 12, 2026?

The company sold 28,750,000 units, including 3,750,000 units from the underwriters' over-allotment.

How much gross proceeds did the ZKPU offering raise on January 12, 2026?

The offering raised aggregate gross proceeds of $287,500,000.

What does each ZKPU unit include and when do warrants become exercisable?

Each unit includes one Class A ordinary share and one-fourth of a warrant; whole warrants become exercisable 30 days after$11.50 per share.

Under what tickers will Lafayette Digital securities trade after separation?

Units trade as ZKPU; upon separation, Class A shares are expected to trade as ZKP and warrants as ZKPW.

What will Lafayette Digital use the IPO net proceeds for (ticker ZKP)?

The company intends to use the net proceeds to pursue and consummate a business combination with one or more businesses.