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Idea Acquisition Corp.IACO

Class A IACOUnits IACOUWarrants IACOWCIK 0002091176

Cash in trust

$355M

$354,671,436

Trust per share

$10.34

Redemption value

IPO

Feb 2026

—

Combination deadline

Feb 11, 2028

480 days remaining

Filings on record

19

Latest Aug 13, 2026

Overview

Idea Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002091176. It completed its initial public offering in Feb 2026 and listing on Nasdaq. Class A shares trade under the ticker IACO, units under IACOU, warrants under IACOW on Nasdaq. The vehicle is sponsored by Idea Tender through Idea Tender LLC. The mandate targets technology. IPO closed, trust funded, no definitive agreement announced.

“We intend to focus on businesses that satisfy several, and ideally most, of the following criteria: ● Enterprise Focused : Companies enabling the discovery of novel LLM features for enterprises, including dedicated local tools, modular creative environments, AI development toolkits, hosting frameworks, or other orchestration services.”
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what Idea Acquisition Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Trading at a discount to trust

    At $9.99 the shares change hands 3.39% below the $10.34 they can be redeemed for. A holder buying here is paid that spread to carry deadline and redemption risk until the vote, and the trust keeps accreting underneath it.

  • Trust versus the $10 unit

    The trust holds $10.34 per public share, 3.4% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.

  • Time on the clock

    480 days to the Feb 11, 2028 deadline. The vehicle is early in its search window, and the deadline is not yet the binding constraint.

  • Sponsor promote

    The sponsor's founder block is 1,312,500 shares against 34,300,000 public shares, or 3.7% of the combined count, acquired before the IPO at nominal cost. That promote is the structural dilution every public shareholder carries into a combination, and it is why the economics of a de-SPAC differ so sharply from a conventional IPO.

  • Warrant coverage

    Each unit carried one-third warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.

  • Underwriting

    Cantor Fitzgerald led the offering. It has been named on 151 SPAC IPOs, book-running 130 of them, and 69.5% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

Where it is in its life

From listing to the date Idea Acquisition Corp. must close a deal, extend again, or return the trust. The marker is today.

IPO Feb 11, 2026Deadline Feb 11, 2028250 days in480 days left
How busy it has been

Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.

11602025-102026-08

19 filings in all. 1 in the last three months, against a busiest month of 11.

Scores

Recomputed 28m ago

Three readings of Idea Acquisition Corp., each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built

Edge

High

How much does the structure protect a holder right now?

81/100

  • Discount to trust98

    3.39%

  • Trust accretion62

    $10.34 per share

  • Runway83

    480 days

Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.

FOMO

Low

How much attention is this vehicle attracting right now?

1/100

  • Filing activity0

    0 in 30 days

  • News coverage0

    0 stories in 30 days

  • Premium to trust3

    -3.39%

Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.

Potential

Elevated

How likely is this vehicle to complete a combination, and at what scale?

73/100

  • Lead bank record71

    69.5%

  • Bank franchise85

    151 SPAC mandates

  • Trust scale96

    $355M

  • Stage40

    searching

Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.

These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.

News on Idea Acquisition Corp.

Last 90 days

Nothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.

SEC filing history

Free tier: filings older than 24 hours
  • 10-Q

    Quarterly report

    Accession 0001104659-26-095970

    Aug 13, 2026

    2mo ago

    View on EDGAR ↗
  • 10-Q

    Quarterly report

    Accession 0001104659-26-062559

    May 15, 2026

    5mo ago

    View on EDGAR ↗
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0002048251-26-003770

    May 15, 2026

    5mo ago

    View on EDGAR ↗
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001104659-26-038562

    Apr 1, 2026

    6mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001104659-26-038052

    Apr 1, 2026

    6mo ago

    View on EDGAR ↗
  • 10-K

    Annual report

    Accession 0001104659-26-037891

    Mar 31, 2026

    6mo ago

    View on EDGAR ↗
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001104659-26-018207

    Feb 20, 2026

    8mo ago

    View on EDGAR ↗
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001104659-26-015269

    Feb 13, 2026

    8mo ago

    View on EDGAR ↗
  • 424B4

    Final IPO prospectus

    Accession 0001104659-26-013482

    Feb 11, 2026

    8mo ago

    View on EDGAR ↗
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-26-000510

    Feb 11, 2026

    8mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001104659-26-012902

    Feb 11, 2026

    8mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001104659-26-012900

    Feb 11, 2026

    8mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001104659-26-012897

    Feb 11, 2026

    8mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001104659-26-012895

    Feb 11, 2026

    8mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001104659-26-012894

    Feb 11, 2026

    8mo ago

    View on EDGAR ↗
  • CERT

    Exchange listing certification

    Accession 0001354457-26-000155

    Feb 10, 2026

    8mo ago

    View on EDGAR ↗
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001104659-26-012427

    Feb 10, 2026

    8mo ago

    View on EDGAR ↗
  • S-1/A

    S-1/A

    Accession 0001104659-26-001416

    Jan 6, 2026

    9mo ago

    View on EDGAR ↗
  • S-1

    Registration statement for the initial public offering

    Accession 0001104659-25-101509

    Oct 22, 2025

    1y ago

    View on EDGAR ↗

Pro

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Idea Acquisition Corp.: questions answered

What is Idea Acquisition Corp. (IACO)?

Idea Acquisition Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002091176. It completed its initial public offering in Feb 2026 and listing on Nasdaq. Class A shares trade under the ticker IACO, units under IACOU, warrants under IACOW on Nasdaq. The vehicle is sponsored by Idea Tender through Idea Tender LLC. The mandate targets technology. IPO closed, trust funded, no definitive agreement announced.

How much does Idea Acquisition Corp. hold in trust?

Approximately $354,671,436, or about $10.34 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must Idea Acquisition Corp. complete a merger?

By Feb 11, 2028. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.

What happens if Idea Acquisition Corp. does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in Idea Acquisition Corp., and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.34 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does Idea Acquisition Corp. trade under?

Class A shares trade as IACO on Nasdaq, the units as IACOU, and the warrants as IACOW. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for Idea Acquisition Corp.?

No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.34, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $9.99, a discount of 3.39% to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.

How much dilution do Idea Acquisition Corp.'s founder shares and warrants create?

The founder block is 1,312,500 shares against 34,300,000 public shares, so roughly 3.7% of the combined count sits with the sponsor at nominal cost. Each unit also carried one-third warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors Idea Acquisition Corp., and what is their track record?

Idea Tender LLC is the sponsor entity, part of the Idea Tender franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Trevor Harries-Jones.

Which banks underwrote the Idea Acquisition Corp. IPO?

Cantor Fitzgerald, Odeon Capital. Cantor Fitzgerald was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is Idea Acquisition Corp. tradeable, and where?

Yes. IACO returned a live quote of $9.99 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is Idea Acquisition Corp. a good investment?

That is not a question this site answers. Idea Acquisition Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this Idea Acquisition Corp. data come from?

Filings Idea Acquisition Corp. submitted to the SEC under CIK 0002091176: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Oct 19, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.