Idea Acquisition Corp. reported its first quarterly results as a SPAC for the period ended March 31, 2026, following its February IPO. The company completed a 35,000,000-unit offering at $10.00 per unit, placing $350,000,000 into a U.S. Treasury-backed Trust Account.
As of March 31, 2026, the Trust Account balance was $351,589,271, including $1,589,271 of interest income. The company recorded a net loss of $4,408,764, driven mainly by $6,182,319 of share-based compensation and $142,416 of general and administrative costs, and carries a working capital deficit with no cash outside the Trust Account.
Idea Acquisition Corp. reported its first quarterly results as a SPAC for the period ended March 31, 2026, following its February IPO. The company completed a 35,000,000-unit offering at $10.00 per unit, placing $350,000,000 into a U.S. Treasury-backed Trust Account.
As of March 31, 2026, the Trust Account balance was $351,589,271, including $1,589,271 of interest income. The company recorded a net loss of $4,408,764, driven mainly by $6,182,319 of share-based compensation and $142,416 of general and administrative costs, and carries a working capital deficit with no cash outside the Trust Account.
Idea Acquisition Corp was reported as having 2,250,000 Class A ordinary shares beneficially owned by Polar Asset Management Partners Inc., representing 5.1% of the class as of 03/31/2026. The filing states Polar holds sole voting and sole dispositive power over these shares. The statement is signed on 05/15/2026.
Idea Acquisition Corp was reported as having 2,250,000 Class A ordinary shares beneficially owned by Polar Asset Management Partners Inc., representing 5.1% of the class as of 03/31/2026. The filing states Polar holds sole voting and sole dispositive power over these shares. The statement is signed on 05/15/2026.