Lafayette Digital Acquisition Corp. I closes $287.5 million IPO of 28.75 million units
Lafayette Digital Acquisition Corp. I, a Cayman Islands blank check company, closed its initial public offering on January 12, 2026, selling 28,750,000 units at $10.00 each for gross proceeds of $287.5 million, including the full exercise of the underwriters' over-allotment option. The filing says the net proceeds, including $10,062,500 in deferred underwriting commissions, were placed in a trust account for public shareholders, and the company intends to use the proceeds to pursue a business combination with one or more businesses.
Key points
- IPO closed January 12, 2026: 28,750,000 units at $10.00 per unit, including 3,750,000 over-allotment units, for gross proceeds of $287,500,000.
- Each unit includes one Class A ordinary share and one-fourth of one redeemable warrant exercisable at $11.50 per share.
- Private placement of 760,000 units for $7,600,000 to the Sponsor (435,000 units) and BTIG, LLC (325,000 units).
- Jason Glazer and Robert Cusack were appointed to the board on January 8, 2026; the amended and restated articles were adopted in connection with the IPO.
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 January 12, 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.