Irenic Acquisition, a blank check company formed by Irenic Capital Management targeting aerospace and defense, filed on Friday with the SEC to raise up to $220 million in an initial public offering.
The company plans to raise $220 million by offering 22 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
Irenic Acquisition is led by CEO and Director Adam Katz, co-founder and CIO of investment firm Irenic Capital Management. The SPAC plans to target businesses in the aerospace, defense, and broader industrial sectors.
The New York, NY-based company was founded in 2026. It plans to list on the Nasdaq under the symbol IACQU. Jefferies is the sole bookrunner on the deal.
