Iron Dome Acquisition I, a blank check company targeting Israeli tech businesses in cybersecurity, defense, and AI, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock, and one-half of one warrant to purchase a share, exercisable at $11.50.
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.
The New York, NY-based company will trade on the Nasdaq under the symbol IDACU. Santander acted as sole bookrunner on the deal.
