Indigo Acquisition Corp. Prices $100 Million IPO
Deal News | Jul 01, 2025 | EIN
Indigo Acquisition Corp., a blank check company, has announced the pricing of its IPO, offering 10 million units at $10 per unit, totaling $100 million. The units will begin trading on Nasdaq under the ticker symbol INACU. Each unit comprises one ordinary share and one right to receive a fraction of an ordinary share upon completing an initial business combination. Indigo Acquisition aims to merge or acquire profitable, established companies with growth potential. The company's CEO is James S. Cassel, and Scott Salpeter is the CFO. EarlyBirdCapital, Inc. is the book-running manager for the offering, with IB Capital as co-manager. The company has also granted a 45-day option for underwriters to purchase an additional 1.5 million units. A registration statement has been filed with the SEC. This announcement includes forward-looking statements subject to various conditions.
Sectors
- Financial Services
- Investment Banking
Geography
- United States – The IPO is taking place in the United States, with securities traded on Nasdaq and associated firms located in New York.
- Cayman Islands – Indigo Acquisition Corp. is registered as a Cayman exempt company.
Industry
- Financial Services – Indigo Acquisition Corp. is classified within the Financial Services industry due to its operations as a blank check company or SPAC engaging in mergers and acquisitions.
- Investment Banking – The involvement of EarlyBirdCapital, Inc. as the book-running manager for the IPO places the activity within the Investment Banking industry.
Financials
- $100,000,000 – Total amount of the initial public offering consisting of 10 million units priced at $10 each.
- 10,000,000 units at $10.00 per unit – Details of the units offered in the IPO, consisting of shares and rights contingent on a future business combination.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Indigo Acquisition Corp. | The Target Company | Company | A Cayman exempt company formed as a blank check company for merging or acquiring other businesses. |
| James S. Cassel | CEO | Person | Chairman of the Board and CEO of Indigo Acquisition Corp. |
| Scott Salpeter | CFO | Person | Chief Operating Officer and Chief Financial Officer of Indigo Acquisition Corp. |
| EarlyBirdCapital, Inc. | Book-Running Manager | Company | An investment bank serving as the book-running manager for Indigo Acquisition Corp.'s IPO. |
| IB Capital | Co-Manager | Company | Investment bank acting as co-manager for the IPO. |
| Securities and Exchange Commission (SEC) | Regulatory Body | Government | U.S. agency responsible for regulating securities markets and ensuring compliance with applicable laws. |