Lafayette Digital Acquisition Corp. I closes $287.5 million IPO; proceeds placed in trust
Lafayette Digital Acquisition Corp. I, a blank check company, completed 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 full $287.5 million was deposited in a trust account for the benefit of public shareholders, and the audited balance sheet as of January 12, 2026 is filed as Exhibit 99.1. The company has not selected a business combination target, so the IPO proceeds remain in trust until a business combination, a shareholder-approved amendment, or liquidation.
Key points
- IPO of 28,750,000 units at $10.00 per unit, including 3,750,000 over-allotment units, for gross proceeds of $287.5 million
- Simultaneous private placement of 760,000 units for $7.6 million to the sponsor (435,000 units) and BTIG, LLC (325,000 units)
- $287.5 million placed in trust account as of January 12, 2026, with Continental Stock Transfer & Trust Company as trustee
- Company has 24 months from the IPO closing to complete an initial business combination, per the filing's completion window
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 16, 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.