Insight Digital Partners II, a blank check company targeting the cryptocurrency industry, filed on Wednesday with the SEC to raise up to $150 million in an initial public offering.
The company plans to raise $150 by offering 15 million units at $10.00. Each unit contains one share of common stock and one-half of a warrant, exercisable at $11.50.
Insight Digital Partners II is led by CEO and Chairman Michael Singer, the Managing Partner of Insight Private Equity Funds and Alternative Insight, who previously served as CEO of Insight Acquisition until its 2024 merger with Alpha Modus (Nasdaq: AMOD), and CFO Glenn Worman, a partner at SeatonHill Partners. While the company has not yet chosen a target company, it plans to target companies operating in the digital economy, including payment gateways, stablecoin, digital exchanges, crypto miners, crypto holding and trading, high performance Computing, energy, and crypto treasury strategy.
The New York, NY-based company was founded in 2025. It plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: INDPU.RC). Cohen & Company Securities is the sole bookrunner on the deal.
