Idea Acquisition Corp. Closes $350 Million IPO

Blank check company aims to target software and AI opportunities

Published on Feb. 12, 2026

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Idea Acquisition Corp., a blank check company formed to pursue mergers and acquisitions in the software and artificial intelligence sectors, announced the closing of its $350 million initial public offering. The company sold 35 million units at $10 per unit, with each unit consisting of one Class A ordinary share and one-third of one redeemable warrant.

Why it matters

The successful IPO provides Idea Acquisition Corp. with significant capital to identify and acquire a target company in the software and AI space, an increasingly competitive and high-growth industry. As a blank check company, Idea Acquisition Corp. will have 24 months to complete a business combination, giving it time to thoroughly evaluate potential targets.

The details

Concurrently with the IPO closing, Idea Acquisition Corp. also closed a $9 million private placement of 6 million warrants. The company's sponsor, Idea Tender LLC, as well as Cantor Fitzgerald & Co. and Odeon Capital Group, LLC, participated in the private placement. The net proceeds from the IPO and private placement will be held in trust and used to fund a future business combination.

  • Idea Acquisition Corp. announced the closing of its $350 million IPO on February 12, 2026.
  • The company's units began trading on the Nasdaq Global Market on February 11, 2026 under the ticker 'IACOU'.

The players

Idea Acquisition Corp.

A blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, with a focus on the software and artificial intelligence sectors.

Idea Tender LLC

The sponsor of Idea Acquisition Corp., which purchased 3,666,667 of the private placement warrants.

Cantor Fitzgerald & Co.

The sole book-running manager for Idea Acquisition Corp.'s IPO, and a purchaser of 1,633,333 of the private placement warrants.

Odeon Capital Group, LLC

A co-manager of Idea Acquisition Corp.'s IPO, and a purchaser of 700,000 of the private placement warrants.

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What’s next

Idea Acquisition Corp. has 24 months to identify and complete a business combination with a target company in the software or AI sectors.

The takeaway

Idea Acquisition Corp.'s successful $350 million IPO provides it with significant capital to pursue acquisition opportunities in the fast-growing software and AI industries, as the company seeks to leverage large language models and other emerging technologies.