Iron Dome Acquisition I Corp., a special purpose acquisition company formed to pursue a business combination, has completed the pricing of its initial public offering, selling 15 million units at $10.00 apiece for gross proceeds of $150 million.
The units are expected to start trading on the Nasdaq Global Market under the ticker symbol "IDACU" on May 15, 2026. Each unit comprises one Class A ordinary share together with one-half of a redeemable warrant. When and if the securities begin separate trading, the company said the Class A ordinary shares will trade under "IDAC" and the warrants will trade as "IDACW."
Each whole warrant entitles the holder to acquire one Class A ordinary share at a purchase price of $11.50 per share, subject to customary adjustments. The offering documentation also notes that the securities’ trading will transition to separate listings for shares and warrants after an initial period.
The offering is scheduled to close on May 18, 2026, provided customary closing conditions are met. Santander is serving as the sole book-running manager on the deal. To cover potential over-allotments, the company granted the underwriters a 45-day option to buy up to 2.25 million additional units.
Iron Dome Acquisition I Corp. said it was organized to seek a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating companies. The search will focus on businesses in cybersecurity, defense technology, artificial intelligence and data infrastructure.
According to the company announcement, the U.S. Securities and Exchange Commission declared the registration statement relating to the securities effective on May 14, 2026.
Context and next steps
With the units priced and the SEC filing declared effective, the immediate milestones are the listing on Nasdaq and the anticipated closing date. The over-allotment option provides the underwriters the flexibility to expand the size of the issuance if demand warrants it.
The company’s stated sector focus points to potential deal activity in areas where technology, defense and data services intersect. Beyond the listing and closing, progress toward a qualifying business combination will determine the SPAC’s longer-term trajectory.