Iron Dome Acquisition I Corp. (IDACU) sponsor acquires 2.75M warrants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Iron Dome Acquisition I Corp. reported that its sponsor entity, Iron Dome Acquisition I Parent LLC, purchased 2,750,000 Private Placement Warrants in connection with the company’s initial public offering. The sponsor paid $1.00 per warrant, for an aggregate of $2,750,000, and now holds 2,750,000 warrants.
Each Private Placement Warrant allows the holder to buy one Class A ordinary share at $11.50 per share, starting 30 days after the company completes its initial business combination and expiring five years after that date. Director and CFO Matthew J. Norden is associated with the sponsor and may be deemed to share beneficial ownership, although he disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Net Buy
1 txn
Insider
Norden Matthew J., Iron Dome Acquisition I Parent LLC
Role
See Remarks | null
Bought
2,750,000 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrant | 2,750,000 | $0.00 | -- |
Holdings After Transaction:
Warrant — 2,750,000 shares (Indirect, See Footnote)
Footnotes (1)
- Simultaneously with the consummation of the Company's initial public offering, Iron Dome Acquisition I Parent LLC (the "Sponsor") acquired, at a price of $1.00 per warrant, 2,750,000 warrants (the "Private Placement Warrants") in a private placement for an aggregate purchase price of $2,750,000. Each Private Placement Warrant entitles the holder thereof to purchase one Class A ordinary share at $11.50 per share, subject to adjustment. The Sponsor is the record holder of the shares reported herein. Mr. Norden, the issuer's Chief Financial Officer and director, is the sole member of Iron Dome Acquisition I Manager LLC, the managing member of the Sponsor, and makes all investment and voting decisions with respect to the securities held the Sponsor. As such, Mr. Norden may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor. Mr. Norden disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interests Mr. Norden may have therein, directly or indirectly. The Private Placement Warrants will become exercisable at any time commencing 30 days after the completion of the Company's initial business combination. The Private Placement Warrants will expire five years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.
Key Figures
Warrants purchased: 2,750,000 warrants
Purchase price per warrant: $1.00 per warrant
Aggregate purchase price: $2,750,000
+4 more
7 metrics
Warrants purchased
2,750,000 warrants
Private Placement Warrants acquired in connection with IPO
Purchase price per warrant
$1.00 per warrant
Sponsor’s cost for Private Placement Warrants
Aggregate purchase price
$2,750,000
Total paid by sponsor for 2,750,000 warrants
Exercise price
$11.50 per share
Price to purchase one Class A ordinary share per warrant
Underlying shares
2,750,000 shares
Class A ordinary shares underlying the Private Placement Warrants
Exercisability start
30 days after business combination
When Private Placement Warrants become exercisable
Warrant expiration
5 years after business combination
Outside limit for Private Placement Warrant exercise
Key Terms
Private Placement Warrants, initial public offering, beneficial ownership, initial business combination, +1 more
5 terms
Private Placement Warrants financial
"acquired, at a price of $1.00 per warrant, 2,750,000 warrants (the "Private Placement Warrants") in a private placement"
Private placement warrants are tradable coupons given directly to a limited group of investors that let the holder buy a company's shares at a fixed price before a set expiration date. They matter to investors because they can provide extra upside if the stock rises and give companies a way to raise money outside a public offering, but they also can increase the number of shares outstanding (dilution) and therefore affect share value and investor returns.
initial public offering financial
"Simultaneously with the consummation of the Company's initial public offering, Iron Dome Acquisition I Parent LLC acquired the warrants"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
beneficial ownership financial
"Mr. Norden may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
initial business combination financial
"The Private Placement Warrants will become exercisable at any time commencing 30 days after the completion of the Company's initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
pecuniary interests financial
"Mr. Norden disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interests Mr. Norden may have therein"
FAQ
What insider transaction did Iron Dome Acquisition I Corp. (IDACU) report?
Iron Dome Acquisition I Corp. reported its sponsor bought 2,750,000 Private Placement Warrants. These were acquired in connection with the company’s initial public offering and give the sponsor the right to purchase Class A ordinary shares at a set exercise price.
How many warrants did the Iron Dome (IDACU) sponsor acquire and at what price?
The sponsor acquired 2,750,000 Private Placement Warrants at $1.00 per warrant, for a total purchase price of $2,750,000. This entire position of 2,750,000 warrants is shown as held following the reported transaction in the Form 4 filing.
What do Iron Dome (IDACU) Private Placement Warrants entitle the holder to buy?
Each Private Placement Warrant entitles the holder to purchase one Class A ordinary share at $11.50 per share, subject to adjustment. This creates potential future equity issuance if the warrants are exercised after the company’s initial business combination is completed.
When can the Iron Dome (IDACU) Private Placement Warrants be exercised?
The Private Placement Warrants become exercisable starting 30 days after Iron Dome Acquisition I Corp. completes its initial business combination. This means exercise is only permitted after a qualifying business combination closes and the 30-day waiting period has elapsed.
When do the Iron Dome (IDACU) Private Placement Warrants expire?
The Private Placement Warrants expire five years after completion of Iron Dome Acquisition I Corp.’s initial business combination, at 5:00 p.m. New York City time, or earlier if they are redeemed or the company is liquidated, according to the filing’s footnotes.
What is Matthew J. Norden’s relationship to the Iron Dome (IDACU) warrants?
Matthew J. Norden is the company’s Chief Financial Officer and director and is associated with the sponsor that holds the warrants. He may be deemed to share beneficial ownership but disclaims ownership beyond any pecuniary interest he has in the sponsor’s securities.