SPAC Reports Q2 2026: $158M in Trust, Going Concern Disclosed
IDAC is trading near its 52-week low of $9.9 (0.8% above the low) on light trading volume (0.1× avg).
Summary
Iron Dome Acquisition I Corp. reported Q2 2026 results with a going concern warning, $158.4M in trust, and $767K in operating cash.
Key Events · Earnings and Guidance · IDAC
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Going Concern Disclosed
Management disclosed going concern considerations as of June 30, 2026, with only $767,364 in cash and $1,086,331 in working capital outside the trust account.
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IPO Completed
The company completed its IPO on May 18, 2026, selling 15,000,000 units at $10.00 each for $150M in gross proceeds, with an additional 700,000 units sold via over-allotment for $7M.
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Trust Account Funded
As of June 30, 2026, $158,441,771 was held in the trust account, representing $10.09 per public share.
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Sponsor Share Forfeitures
The sponsor surrendered 1,916,666 Class B shares on May 7, 2026, and forfeited 516,667 shares on June 29, 2026, leaving 5,300,000 Class B shares outstanding.
Analysis · IDAC · Real Estate & Construction
Iron Dome Acquisition I Corp. filed its Q2 2026 10-Q, disclosing a going concern consideration with only $767,364 in cash outside the trust account. The company completed its IPO in May 2026, raising $150M, and now holds $158.4M in trust. The going concern language is a first-time disclosure and a red flag for a SPAC that must complete a business combination within 18 months or liquidate.
At the time of this filing, IDAC was trading at $9.98 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $127.7M. The 52-week trading range was $9.90 to $10.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.