Idea Acquisition Corp. closes $350 million IPO of 35 million units, funds placed in trust
Idea Acquisition Corp., a blank check company, closed its initial public offering on February 12, 2026, selling 35 million units at $10.00 each for $350 million in gross proceeds. The $350 million was placed in a U.S.-based trust account, and the company has 24 months from the closing to complete a business combination or return the trust funds to public shareholders.
Key points
- 35,000,000 units sold at $10.00 per unit, for $350 million in gross proceeds, closed February 12, 2026
- Each unit includes one Class A ordinary share and one-third of one redeemable warrant exercisable at $11.50 per share
- Private placement of 6,000,000 warrants at $1.50 each for $9 million, of which $2 million had not yet been received
- Trust account held by Continental Stock Transfer & Trust Company; the company has 24 months from closing to complete a business combination
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 20, 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.