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
AI-generated analysis. How Rhea-AI works. 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
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
