Iron Dome Acquisition I Corp. completes $150 million IPO

Iron Dome Acquisition I Corp. (NASDAQ: IDACU) completed its initial public offering of 15 million units at $10 per unit, raising $150 million, according to a company statement.

The special purpose acquisition company's units began trading on the Nasdaq Global Market on May 15, 2026. Each unit includes one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant allows the holder to purchase one Class A ordinary share at $11.50, subject to adjustments.

The company expects its Class A ordinary shares and warrants will trade separately on Nasdaq under the symbols "IDAC" and "IDACW" once the securities comprising the units begin separate trading.

Iron Dome Acquisition I Corp. was formed to pursue mergers, share exchanges, asset acquisitions or similar business combinations. The company plans to focus on target businesses in cybersecurity, defense technology, artificial intelligence and data infrastructure industries.

Santander served as the sole book-running manager for the offering. The company granted underwriters a 45-day option to purchase up to 2.25 million additional units at the initial public offering price to cover over-allotments.

The Securities and Exchange Commission declared the registration statement for the securities effective on May 14, 2026.

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