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Lafayette Digital (NASDAQ: ZKPU) raises $287.5M in SPAC IPO offering

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Lafayette Digital Acquisition Corp. I, a Cayman Islands-based special purpose acquisition company, completed its initial public offering and related private placement. The IPO, which became effective on January 8, 2026, closed on January 12, 2026 with the sale of 28,750,000 units at $10.00 per unit, including the full exercise of the underwriters’ over-allotment option, generating $287,500,000 in gross proceeds. Each unit includes one Class A ordinary share and one-fourth of a redeemable warrant, with each whole warrant exercisable at $11.50 per share.

At closing, $287,500,000 from the IPO and private placement, including $10,062,500 in deferred underwriting commissions, was placed in a trust account for public shareholders. A concurrent private placement added 760,000 private units at $10.00 each, for $7,600,000 in proceeds, sold to the sponsor and BTIG. The company also appointed independent directors, formed its audit and compensation committees, adopted amended and restated governing documents, and listed its units, shares, and warrants on Nasdaq.

Positive

  • Completion of IPO and private placement raising $287,500,000 in gross proceeds and funding the SPAC trust account.

Negative

  • None.

Insights

SPAC completes $287.5M IPO and trust funding, creating acquisition vehicle.

Lafayette Digital Acquisition Corp. I has launched as a publicly traded SPAC by selling 28,750,000 units at $10.00 each, including the underwriters’ over-allotment, for gross proceeds of $287,500,000. Each unit bundles one Class A ordinary share with a fraction of a warrant, and each whole warrant can buy a share at $11.50, giving investors equity plus optional upside exposure.

The company reports that as of January 12, 2026, $287,500,000 from the IPO and the concurrent private placement, including $10,062,500 of deferred underwriting commissions, has been placed in a trust account for the benefit of public shareholders. This structure is typical for SPACs, where funds remain in trust until a business combination is completed or funds are returned.

Governance has been formalized with independent directors, audit and compensation committees, and amended and restated memorandum and articles of association adopted on January 8, 2026. Future developments will depend on the company’s ability to identify and complete a suitable business combination within the timeframe set in its governing documents.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

January 8, 2026
Date of Report (Date of earliest event reported)

 

Lafayette Digital Acquisition Corp. I

(Exact name of Registrant as specified in its charter)

 

Cayman Islands   001-43050   N/A
(State or other jurisdiction
of incorporation)
  (Commission File Number)  

(I.R.S. Employer

Identification Number)

 

201 South Biscayne Blvd, 28th Floor

Miami, FL

  33131
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (305) 913-8999

 

N/A
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant   ZKPU   The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share   ZKP   The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one Class A ordinary share   ZKPW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On January 8, 2026, the registration statement on Form S-1 (File No. 333-290473) (the “Registration Statement”) relating to the initial public offering (the “IPO”) of Lafayette Digital Acquisition Corp. I, a Cayman Islands exempted company (the “Company”) was declared effective by the U.S. Securities and Exchange Commission (the “SEC”).

 

On January 12, 2026, the Company consummated its IPO, which consisted of 28,750,000 units (the “Units”), including the exercise in full by the underwriters of an option to purchase up to 3,750,000 Units at the offering price to cover over-allotments. Each Unit consists of one Class A ordinary share, $0.0001 par value (“Class A Ordinary Share”) and one-fourth of one redeemable warrant of the Company (each, a “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, subject to adjustment. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $287,500,000.

 

In connection with the IPO, the Company entered into the following agreements, forms of which were previously filed as exhibits to the Registration Statement, filed with the SEC:

 

Underwriting Agreement, dated January 8, 2026, by and between the Company and BTIG, LLC, as representative of the underwriters in the IPO (“BTIG”), a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference;

 

Warrant Agreement, dated as of January 8, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, a copy of which is attached as Exhibit 4.1 and incorporated herein by reference;

 

Letter Agreement, dated January 8, 2026, by and among the Company, Lafayette Digital Sponsor I, LLC (the “Sponsor”) and the officers and directors of the Company, a copy of which is attached as Exhibit 10.1 and incorporated herein by reference;

 

Investment Management Trust Agreement, dated as of January 8, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as trustee, a copy of which is attached as Exhibit 10.2 and incorporated herein by reference;

 

Registration Rights Agreement, dated as of January 8, 2026, by and among the Company, Lafayette Digital Sponsor I, LLC and certain security holders of the Company, a copy of which is attached as Exhibit 10.3 and incorporated herein by reference;

 

Private Units Subscription Agreement, dated January 8, 2026, by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.4 and incorporated herein by reference;

 

Private Units Subscription Agreement, dated January 8, 2026, by and between the Company and BTIG, a copy of which is attached as Exhibit 10.5 and incorporated herein by reference;

 

Indemnity Agreement, dated as of January 8, 2026, by and among the Company and each of the officers and directors of the Company, a copy of which is attached as Exhibit 10.6 and incorporated herein by reference; and

 

Administrative Services Agreement, dated January 8, 2026, by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.7 and incorporated herein by reference.

 

As of January 12, 2026, a total of $287,500,000 of the net proceeds from the IPO and the Private Placement (as defined below), which amount included $10,062,500 in deferred underwriting commissions, was deposited in a trust account established for the benefit of the Company’s public shareholders.

 

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Item 3.02. Unregistered Sales of Equity Securities.

 

Simultaneously with the closing of the IPO, the Company consummated a private placement (the “Private Placement”) of an aggregate of 760,000 units (the “Private Units”) to the Sponsor and BTIG, at a price of $10.00 per Private Unit, generating total proceeds of $7,600,000. Each Private Unit consists of one Class A Ordinary Share and one-fourth of one redeemable Warrant, with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, subject to adjustment. Of those 760,000 Private Units, the Sponsor purchased 435,000 Private Units and BTIG purchased 325,000 Private Units.

 

The Private Units are identical to the Units sold in the IPO except with respect to certain registration rights and transfer restrictions, as described in the Registration Statement. Additionally, such holders agreed not to transfer, assign or sell any of the Private Units or underlying securities (except in limited circumstances, as described in the Registration Statement) until 30 days after the completion of the Company’s initial business combination. The holders were granted certain demand and piggyback registration rights in connection with the purchase of the Private Units and the underlying securities.

 

The Private Units were issued pursuant to Section 4(a)(2) of the Securities Act, as the transaction did not involve a public offering.

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On January 8, 2026, in connection with the IPO, Jason Glazer and Robert Cusack were appointed to the board of directors of the Company. Alexander Stein, Jason Glazer and Robert Cusack are independent directors. Effective January 8, 2026, Alexander Stein, Jason Glazer and Robert Cusack were appointed to the Board’s Audit Committee (with Mr. Glazer serving as chair of the Audit Committee); and Alexander Stein, Jason Glazer and Robert Cusack were appointed to the Compensation Committee (with Mr. Stein serving as chair of the Compensation Committee).

 

Following the appointment of Jason Glazer and Robert Cusack, the Board is comprised of three classes. The term of office of the first class of directors, consisting of Robert Munro, will expire at the Company’s first annual meeting of shareholders. The term of office of the second class of directors, consisting of Jason Glazer and Alexander Stein, will expire at the Company’s second annual meeting of shareholders. The term of office of the third class of directors, consisting of Samuel A. Jernigan IV and Robert Cusack will expire at the Company’s third annual meeting of shareholders.

 

On January 8, 2026, in connection with their appointments to the Board, each of the members of the Board entered into the Letter Agreement as well as an Indemnity Agreement with the Company filed, respectively, as Exhibits 10.1 and 10.6, herewith.

 

Other than the foregoing, none of the directors are party to any arrangement or understanding with any person pursuant to which they were appointed as directors, nor are they party to any transactions required to be disclosed under Item 404(a) of Regulation S-K involving the Company.

 

Item 5.03. Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal Year.

 

On January 8, 2026, and in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association. The Amended and Restated Memorandum and Articles of Association is filed herewith as Exhibit 3.1 and is incorporated by reference herein.

 

Item 8.01. Other Events.

 

On January 8, 2026, the Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

On January 12, 2026, the Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.

 

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Item 9.01. Financial Statements and Exhibits.

 

Exhibit No.   Description
1.1   Underwriting Agreement, dated January 8, 2026, by and between the Company and BTIG, LLC, as representative of the underwriters
3.1   Amended and Restated Memorandum and Articles of Association
4.1   Warrant Agreement, dated as of January 8, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent
10.1   Letter Agreement, dated January 8, 2026, by and among the Company, Lafayette Digital Sponsor I, LLC and the officers and directors of the Company
10.2   Investment Management Trust Agreement, dated as of January 8, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as trustee
10.3   Registration Rights Agreement, dated as of January 8, 2026, by and among the Company, Lafayette Digital Sponsor I, LLC and certain security holders of the Company
10.4   Private Units Subscription Agreement, dated January 8, 2026, by and between the Company and Lafayette Digital Sponsor I, LLC
10.5   Private Units Subscription Agreement, dated January 8, 2026, by and between the Company and BTIG, LLC
10.6   Indemnity Agreement, dated as of January 8, 2026, by and between the Company and each of the officers and directors of the Company
10.7   Administrative Services Agreement, dated January 8, 2026, by and between the Company and Lafayette Digital Sponsor I, LLC
99.1   Press Release Dated January 8, 2026
99.2   Press Release Dated January 12, 2026
104   The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: January 12, 2026    
     
  Lafayette Digital Acquisition Corp. I
     
  By: /s/ Samuel A. Jernigan IV
  Name:  Samuel A. Jernigan IV
  Title: Chief Executive Officer

 

 

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FAQ

What did Lafayette Digital Acquisition Corp. I (ZKPU) announce in this 8-K?

The company disclosed that its initial public offering became effective and closed, selling 28,750,000 units at $10.00 each for $287,500,000 in gross proceeds, and that related governance and listing steps were completed.

How much capital did Lafayette Digital Acquisition Corp. I (ZKPU) raise in its IPO?

The IPO of Lafayette Digital Acquisition Corp. I generated $287,500,000 in gross proceeds from the sale of 28,750,000 units at $10.00 per unit, including the underwriters’ full over-allotment option.

What is the structure of the ZKPU units sold in the IPO?

Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant, with each whole warrant allowing the purchase of one Class A ordinary share at $11.50 per share, subject to adjustment.

How much money was placed in the Lafayette Digital Acquisition Corp. I trust account?

As of January 12, 2026, a total of $287,500,000 from the IPO and private placement, including $10,062,500 of deferred underwriting commissions, was deposited into a trust account for the benefit of public shareholders.

What private placement did Lafayette Digital Acquisition Corp. I complete alongside the IPO?

Simultaneously with the IPO closing, the company completed a private placement of 760,000 private units at $10.00 per unit, raising $7,600,000. The sponsor purchased 435,000 private units and BTIG purchased 325,000 private units.

What board and governance changes did Lafayette Digital Acquisition Corp. I report?

Effective January 8, 2026, Jason Glazer and Robert Cusack joined the board as independent directors, the audit and compensation committees were constituted, and the company adopted its Amended and Restated Memorandum and Articles of Association.

On which exchange are Lafayette Digital Acquisition Corp. I securities listed and under what symbols?

The units trade on The Nasdaq Stock Market LLC under the symbol ZKPU, the Class A ordinary shares under ZKP, and the warrants under ZKPW.