Amanat Acquisition Corp. completes $75 million IPO of 7.5 million Class A shares
On May 18, 2026, Amanat Acquisition Corp. completed its initial public offering of 7,500,000 Class A ordinary shares at $10.00 per share, for gross proceeds of $75 million, and sold 300,000 private placement shares to its sponsor for $3 million. The filing says $75 million from the IPO and private placement was placed in a trust account, and the trust funds generally cannot be released until a business combination is completed or public shares are redeemed, including if no business combination is completed within 24 months of the IPO closing.
Key points
- IPO: 7,500,000 Class A ordinary shares at $10.00 per share, $75 million in gross proceeds, consummated May 18, 2026; underwriter Leerink Partners LLC holds a 45-day option for up to 1,125,000 additional shares
- Private placement: 300,000 shares sold to Amanat Sponsor Holdings LLC at $10.00 per share, generating $3 million
- Trust account: $75 million held by Continental Stock Transfer & Trust Company; redemption deadline is 24 months from the IPO closing
- Board: Rakhi Kumar, Brad Middlekauff and Patrick Crutcher appointed independent directors on May 18, 2026
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 21, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.