Iron Dome Acquisition I, a blank check company targeting Israeli tech businesses in cybersecurity, defense, and AI, lowered the proposed deal size for its upcoming IPO on Monday.
The New York, NY-based company now plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50 per share. The company had previously filed to offer 20 million units at $10. At the revised deal size, Iron Dome Acquisition I will raise -25% less in proceeds than previously anticipated and command a fully diluted market value of $203 million.
The SPAC is led by CEO and Director Tom Livne, billed as a serial technology entrepreneur and founder of Verbit, a provider of AI transcription and captioning products, with "deep expertise in AI platforms, company building, complex transactions, and the Israeli innovation landscape." He is joined by CFO and Director Matthew Norden, who previously held leadership roles at 2U Inc.
Iron Dome Acquisition I was founded in 2025. It plans to list on the Nasdaq under the symbol IDACU. Santander is the sole bookrunner on the deal.
