Insight Digital Partners II closes $172.5 million IPO; funds placed in trust
Insight Digital Partners II, a blank check company with no operations, completed its initial public offering on October 30, 2025, selling 17,250,000 units at $10.00 each for $172.5 million in gross proceeds. The full $172.5 million was placed in a U.S.-based trust account, and the company must complete a business combination within 24 months of the offering closing or return the trust funds to public shareholders.
Key points
- 17,250,000 units sold at $10.00 each on October 30, 2025, including 2,250,000 units from the underwriters' full over-allotment option.
- $172.5 million placed in a trust account maintained by Continental Stock Transfer & Trust Company.
- Private placement of 5,450,000 warrants at $1.00 each, for $5.45 million in gross proceeds, sold to the Sponsor and the underwriters' representative.
- The company has until 24 months from the offering closing to complete a business combination; it had not commenced any operations as of October 30, 2025.
The filing
Written by AI on Nov 9, 2026, 11:46 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 November 05, 2025.
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.