Irenic Acquisition Corp. IPO Details#
Irenic Acquisition Corp. (IACQU) has successfully priced its initial public offering (IPO) at $10.00 per unit, raising a total of $220 million. Each unit consists of one Class A ordinary share and one-third of a redeemable warrant. A whole warrant allows the holder to purchase one Class A ordinary share at a price of $11.50.
Trading Information#
The units began trading on the Nasdaq Global Market under the ticker symbol "IACQU" on April 28, 2026. Once the components of the units start trading separately, the Class A ordinary shares and warrants are expected to be listed under the symbols "IACQ" and "IACQW," respectively. The IPO is anticipated to close on April 29, 2026, pending standard closing conditions.
Company Background#
Irenic Acquisition Corp. is a special purpose acquisition company (SPAC). SPACs are formed to raise capital through an IPO with the goal of merging with or acquiring an existing company. Irenic Acquisition Corp. is sponsored by Irenic Capital Management LP, and its executive officers are part of the sponsoring team. The company aims to focus on acquiring businesses in the aerospace, defense, and broader industrial sectors, but it remains open to opportunities in various industries and locations.
Underwriting and Regulatory Approval#
Jefferies acted as the sole book-running manager for this offering. Additionally, the company has provided underwriters with a 45-day option to purchase up to 3.3 million additional units at the IPO price to cover any over-allotments. The Securities and Exchange Commission approved the registration statement for these securities on April 27, 2026.