Idea Acquisition, a blank check company targeting businesses leveraging LLMs and other AI tools, filed on Wednesday with the SEC to raise up to $350 million in an initial public offering.
The company plans to raise $350 million by offering 35 million units at $10.00. Each unit consists of one share of common stock and one-third of one warrant, exercisable at $11.50.
Idea Acquisition is led by CEO Trevor Harries-Jones, the COO of OTOY, and CFO Nathan Clark, the Head of Finance at Ondello. The SPAC plans to target companies operating in the software vertical that leverages large language models or other AI tools, particularly companies that sit at the intersection of AI infrastructure and applied solutions, including AI software platforms, hosting infrastructure, applied consumer AI apps, model creators, and other foundational elements of AI transformation companies.
The Los Angeles, CA-based company was founded in 2025 and plans to list on the Nasdaq under the symbol IACOU. Cantor Fitzgerald is the sole bookrunner on the deal.
