Idea Acquisition Corp. closes $350 million IPO of 35 million units
Idea Acquisition Corp., a blank check company, closed its initial public offering of 35,000,000 units at $10.00 per unit on February 12, 2026, with gross proceeds of $350,000,000, and sold 6,000,000 private placement warrants for $9,000,000 at the same time. The filing states that the trust account holds the $350,000,000 until a business combination is completed or the funds are redeemed, and that the company must complete a business combination within 24 months of the IPO closing or return public shares.
Key points
- IPO of 35,000,000 units at $10.00 per unit closed February 12, 2026, with gross proceeds of $350,000,000; units trade on Nasdaq as IACOU.
- Private placement of 6,000,000 warrants at $1.50 per warrant generated $9,000,000; the sponsor bought 3,666,667 warrants.
- $350,000,000 was placed in a trust account maintained by Continental Stock Transfer & Trust Company, with the funds generally held until a business combination or redemption within 24 months.
- Eugene "Rod" Roddenberry Jr., Jules Urbach and Vinny Lingham were appointed independent directors on February 10, 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 February 13, 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.