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New America Acquisition I Corp.NWAX

Class A NWAXUnits NWAX-UNWarrants NWAX-WTCIK 0002074878

Cash in trust

$352M

$351,943,898

Trust per share

—

Redemption value

IPO

Dec 2025

—

Combination deadline

Jun 4, 2027

228 days remaining

Filings on record

44

Latest Oct 16, 2026

Overview

New America Acquisition I Corp. is a special purpose acquisition company incorporated in Florida and registered with the SEC under CIK 0002074878. It completed its initial public offering in Dec 2025 and listing on NYSE. Class A shares trade under the ticker NWAX, units under NWAX-UN, warrants under NWAX-WT on NYSE. The vehicle is sponsored by New America through New America Sponsor I LLC. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.

“we intend to focus on industries that complement our management team's background, and to capitalize on the ability of our management team to identify and acquire a business.”
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what New America Acquisition I 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.

  • Time on the clock

    228 days to the Jun 4, 2027 deadline. Still workable for a deal already in diligence, tight for one that has not been found. Watch for an extension proxy, which typically appears a month or two before the date.

  • Warrant coverage

    Each unit carried one-half 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

    D. Boral Capital led the offering. It has been named on 31 SPAC IPOs, book-running 29 of them. 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 New America Acquisition I Corp. must close a deal, extend again, or return the trust. The marker is today.

IPO Dec 5, 2025Deadline Jun 4, 2027318 days in228 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.

11602025-082026-10

44 filings in all. 8 in the last three months, against a busiest month of 11.

Scores

Recomputed 20m ago

Three readings of New America Acquisition I 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

FOMO

Low

How much attention is this vehicle attracting right now?

9/100

  • Filing activity18

    1 in 30 days

  • News coverage0

    0 stories in 30 days

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?

52/100

  • Bank franchise22

    31 SPAC mandates

  • Trust scale95

    $352M

  • 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 New America Acquisition I Corp.

Last 90 days

News sentiment

Negative
negativeneutralpositive

Across 3 recent stories, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.

SEC filing history

Free tier: filings older than 24 hours
  • 8-K

    Entry into a material definitive agreement; Termination of a material definitive agreement

    Items 1.01, 1.02, 9.01 · Accession 0001493152-26-047248

    Oct 16, 2026

    3d ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001493152-26-040410

    Aug 28, 2026

    1mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001493152-26-040408

    Aug 28, 2026

    1mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001493152-26-040409

    Aug 28, 2026

    1mo ago

    View on EDGAR ↗
  • 8-K

    Regulation FD disclosure

    Items 5.02, 7.01, 9.01 · Accession 0001493152-26-040253

    Aug 27, 2026

    1mo ago

    View on EDGAR ↗
  • 10-Q

    Quarterly report

    Accession 0001493152-26-038351

    Aug 15, 2026

    2mo ago

    View on EDGAR ↗
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001193125-26-351109

    Aug 14, 2026

    2mo ago

    View on EDGAR ↗
  • 8-K

    Regulation FD disclosure

    Items 5.02, 7.01, 9.01 · Accession 0001493152-26-036181

    Aug 6, 2026

    2mo ago

    View on EDGAR ↗
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001905106-26-000096

    May 15, 2026

    5mo ago

    View on EDGAR ↗
  • 10-Q

    Quarterly report

    Accession 0001493152-26-022814

    May 14, 2026

    5mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001493152-26-016000

    Apr 10, 2026

    6mo ago

    View on EDGAR ↗
  • 10-K

    Annual report

    Accession 0001493152-26-014178

    Apr 1, 2026

    6mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001493152-26-007506

    Feb 20, 2026

    8mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001493152-26-007504

    Feb 20, 2026

    8mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001493152-26-007501

    Feb 20, 2026

    8mo ago

    View on EDGAR ↗
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001493152-26-007233

    Feb 18, 2026

    8mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001493152-26-007200

    Feb 18, 2026

    8mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001493152-26-007197

    Feb 18, 2026

    8mo ago

    View on EDGAR ↗
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001193125-26-053729

    Feb 17, 2026

    8mo ago

    View on EDGAR ↗
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001357550-26-000007

    Feb 17, 2026

    8mo ago

    View on EDGAR ↗
  • 8-K

    Current report

    Item 5.02 · Accession 0001493152-26-005783

    Feb 10, 2026

    8mo ago

    View on EDGAR ↗
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001905106-26-000014

    Feb 7, 2026

    8mo ago

    View on EDGAR ↗
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001905106-26-000009

    Feb 6, 2026

    8mo ago

    View on EDGAR ↗
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001493152-26-003601

    Jan 27, 2026

    8mo ago

    View on EDGAR ↗
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001493152-25-027281

    Dec 12, 2025

    10mo ago

    View on EDGAR ↗
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001213900-25-120463

    Dec 11, 2025

    10mo ago

    View on EDGAR ↗
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001193125-25-314488

    Dec 11, 2025

    10mo ago

    View on EDGAR ↗
  • 4

    Statement of changes in beneficial ownership

    Accession 0001493152-25-026639

    Dec 9, 2025

    10mo 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 0001493152-25-026402

    Dec 6, 2025

    10mo ago

    View on EDGAR ↗
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001104659-25-118871

    Dec 6, 2025

    10mo ago

    View on EDGAR ↗

Pro

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New America Acquisition I Corp.: questions answered

What is New America Acquisition I Corp. (NWAX)?

New America Acquisition I Corp. is a special purpose acquisition company incorporated in Florida and registered with the SEC under CIK 0002074878. It completed its initial public offering in Dec 2025 and listing on NYSE. Class A shares trade under the ticker NWAX, units under NWAX-UN, warrants under NWAX-WT on NYSE. The vehicle is sponsored by New America through New America Sponsor I LLC. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.

How much does New America Acquisition I Corp. hold in trust?

Approximately $351,943,898, 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 New America Acquisition I Corp. complete a merger?

By Jun 4, 2027. 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 New America Acquisition I 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 New America Acquisition I 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. 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 New America Acquisition I Corp. trade under?

Class A shares trade as NWAX on NYSE, the units as NWAX-UN, and the warrants as NWAX-WT. 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 New America Acquisition I Corp.?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

How much dilution do New America Acquisition I Corp.'s founder shares and warrants create?

Each unit also carried one-half 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 New America Acquisition I Corp., and what is their track record?

New America Sponsor I LLC is the sponsor entity, part of the New America franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Kevin McGurn.

Which banks underwrote the New America Acquisition I Corp. IPO?

D. Boral Capital, Morgan Stanley, Oppenheimer. D. Boral Capital and Morgan Stanley and Oppenheimer were credited as book-running managers on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is New America Acquisition I Corp. tradeable, and where?

Yes. NWAX returned a live quote of $10.04 on NYSE. 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 New America Acquisition I Corp. a good investment?

That is not a question this site answers. New America Acquisition I 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 New America Acquisition I Corp. data come from?

Filings New America Acquisition I Corp. submitted to the SEC under CIK 0002074878: 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.