18 February 2026
DLA Piper advises underwriters in Idea Acquisition Corp.’s US$350 million initial public offering
DLA Piper advised the underwriters, led by Cantor Fitzgerald & Co. as the sole book-running manager, in Idea Acquisition Corp.’s initial public offering of 35,000,000 units at a public offering price of US$10 per unit. The company has granted the underwriters a 45-day option to purchase up to an additional 5,250,000 units at the initial public offering price to cover over-allotments, if any.
Idea Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company may pursue an initial business combination in any business or industry, but it expects to target companies operating in the software vertical that leverages large language models or other artificial intelligence tools.
The DLA Piper deal team was led by Partner Stephen Alicanti (New York) and included Of Counsel Christie Lehr (Raleigh), and Associates Andrew Wolfe and Sasha Grynszpan (both New York).
DLA Piper enables issuers and underwriters to execute complex securities transactions throughout the world. We offer tactical approaches to financings across equity and debt capital markets, alternative public offerings (de-SPACs, reverse mergers, and direct listings), and other transformative corporate transactions. Lawyers in our Corporate Governance practice act as outside corporate and securities counsel to a wide range of reporting companies by guiding clients through securities offerings and nuanced disclosure, governance, and compliance matters under SEC, Nasdaq, and NYSE rules and regulations. Boards of directors turn to us to navigate complex transactions, special investigations, and challenging risk oversight matters. Please visit Capital Markets and Public Company Advisory and Market Edge.
Idea Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company may pursue an initial business combination in any business or industry, but it expects to target companies operating in the software vertical that leverages large language models or other artificial intelligence tools.
The DLA Piper deal team was led by Partner Stephen Alicanti (New York) and included Of Counsel Christie Lehr (Raleigh), and Associates Andrew Wolfe and Sasha Grynszpan (both New York).
DLA Piper enables issuers and underwriters to execute complex securities transactions throughout the world. We offer tactical approaches to financings across equity and debt capital markets, alternative public offerings (de-SPACs, reverse mergers, and direct listings), and other transformative corporate transactions. Lawyers in our Corporate Governance practice act as outside corporate and securities counsel to a wide range of reporting companies by guiding clients through securities offerings and nuanced disclosure, governance, and compliance matters under SEC, Nasdaq, and NYSE rules and regulations. Boards of directors turn to us to navigate complex transactions, special investigations, and challenging risk oversight matters. Please visit Capital Markets and Public Company Advisory and Market Edge.