Lafayette Digital Acquisition Corp. I Announces Pricing of $250,000,000 Initial Public Offering

Rhea-AI Summary

Lafayette Digital Acquisition Corp. I (NASDAQ: ZKP units ticker ZKPU) priced a 25,000,000-unit initial public offering at $10.00 per unit for gross proceeds of $250,000,000. Each unit contains one Class A ordinary share and one-fourth of a redeemable warrant; whole warrants will trade separately as ZKPW and Class A shares as ZKP after separation. Whole warrants become exercisable 30 days after completion of the company's initial business combination at an exercise price of $11.50, subject to adjustments. BTIG is sole book-running manager and the underwriter has a 45-day option for an additional 3,750,000 units. The SEC declared the registration effective on January 8, 2026, and the offering is expected to close on January 12, 2026.

Positive

• Gross proceeds of $250,000,000 from the priced IPO
• Underwriter over-allotment option up to 3,750,000 units (15%) for demand coverage

Negative

• Each unit includes warrants that may cause dilution when exercised at $11.50
• Only whole warrants trade after separation, potentially limiting fractional holder value

Miami, FL, Jan. 08, 2026 (GLOBE NEWSWIRE) -- Lafayette Digital Acquisition Corp. I (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the pricing of its initial public offering of 25,000,000 units at an offering price of $10.00 per unit, with each unit consisting 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 expected to trade on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “ZKPU” beginning January 9, 2026. 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.

BTIG, LLC is acting as sole book-running manager for the offering.

The Company has granted the underwriter a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on January 12, 2026 subject to customary closing conditions.

A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 8, 2026. The offering is being made only by means of a prospectus. When available, 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 SEC’s website at www.sec.gov.

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 Company’s initial public offering (“IPO”) and search for an initial business combination. 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. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Lafayette Digital Acquisition Corp. I, including those set forth in the Risk Factors section of Lafayette Digital Acquisition Corp. I’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Lafayette Digital Acquisition Corp. I 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) and at what price?

The company priced 25,000,000 units at $10.00 per unit, for total gross proceeds of $250,000,000.

What does each unit of ZKP include and what are the separate Nasdaq tickers?

Each unit contains one Class A ordinary share and one-fourth of a redeemable warrant; units trade as ZKPU, shares as ZKP, and warrants as ZKPW after separation.

When do the warrants for ZKP become exercisable and at what price?

Whole warrants become exercisable 30 days after the initial business combination at an exercise price of $11.50, subject to adjustments.

What over-allotment option was granted in the Lafayette Digital (ZKP) offering?

The underwriter has a 45-day option to purchase up to 3,750,000 additional units at the IPO price to cover over-allotments.

When is the ZKP offering expected to close and when did the SEC declare effectiveness?

The SEC declared the registration effective on January 8, 2026, and the offering is expected to close on January 12, 2026.

Who is the book-running manager for the Lafayette Digital Acquisition Corp. I IPO (ZKP)?

BTIG, LLC is acting as the sole book-running manager for the offering.