$IACOW
Idea Acquisition Corp.
CIK:0002091176|SEC Filings
CONDENSED STATEMENT OF CASH FLOWS |
6 Months Ended |
|---|---|
|
Jun. 30, 2026
USD ($)
| |
| Cash Flows from Operating Activities: | |
| Net loss | $ (1,554,886) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Interest earned on marketable securities held in Trust Account | (4,671,436) |
| Share based compensation expense | 6,182,319 |
| Change in fair value of Overallotment liability | (326,700) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | (50,851) |
| Prepaid insurance | (174,284) |
| Accrued expenses | 93,465 |
| Net cash used in operating activities | (502,373) |
| Cash Flows from Investing Activities: | |
| Investment of cash in Trust Account | (350,000,000) |
| Net cash used in investing activities | (350,000,000) |
| Cash Flows from Financing Activities: | |
| Proceeds from sale of Units, net of underwriting discounts paid | 343,000,000 |
| Proceeds from sale of Private Placements Warrants, including amounts paid by Sponsor on behalf of the Company. | 7,653,074 |
| Transfer of subscription proceeds to operating bank account | 1,346,926 |
| Payment of offering costs at the closing of IPO | (329,579) |
| Net cash provided by financing activities | 351,670,421 |
| Net Change in Cash | 1,168,048 |
| Cash - End of period | 1,168,048 |
| Non-Cash investing and financing activities: | |
| Offering costs included in accrued offering costs | 75,000 |
| Offering costs paid through promissory note - related party | 67,250 |
| Par value of forfeited Founder Shares | 132 |
| Deferred underwriting fee payable | $ 14,000,000 |
CONDENSED BALANCE SHEETS - USD ($) |
Jun. 30, 2026 |
Dec. 31, 2025 |
||
|---|---|---|---|---|
| Current assets | ||||
| Cash and cash equivalents | $ 1,168,048 | |||
| Prepaid expenses | 50,851 | |||
| Prepaid insurance | 110,075 | |||
| Total Current Assets | 1,328,974 | |||
| Deferred offering costs | $ 341,043 | |||
| Long term prepaid insurance | 64,210 | |||
| Cash and marketable securities held in Trust Account | 354,671,436 | 0 | ||
| TOTAL ASSETS | 356,064,620 | 341,043 | ||
| Current liabilities | ||||
| Accrued expenses | 124,957 | 31,492 | ||
| Accrued offering costs | 75,000 | 150,024 | ||
| Promissory note - related party | $ 250,689 | $ 183,439 | ||
| Notes Payable, Current, Related Party [Extensible Enumeration] | Related Party [Member] | Related Party [Member] | ||
| Total Current Liabilities | $ 450,646 | $ 364,955 | ||
| Deferred underwriting fee payable | 14,000,000 | |||
| Total Liabilities | 14,450,646 | 364,955 | ||
| Commitments (Note 6) | ||||
| Shareholders' Deficit | ||||
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of June 30, 2026 and December 31, 2025 | ||||
| Additional paid-in capital | 23,994 | |||
| Accumulated deficit | (13,058,336) | (48,912) | ||
| Total Shareholders' Deficit | (13,057,462) | (23,912) | ||
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT | 356,064,620 | 341,043 | ||
| Class A ordinary shares subject to possible redemption | ||||
| Current liabilities | ||||
| Class A ordinary shares subject to possible redemption, 35,000,000 shares and no shares at a redemption value of $10.13 and $0 per share as of June 30, 2026 and December 31, 2025, respectively | 354,671,436 | |||
| Common Class A not subject to possible redemption | ||||
| Shareholders' Deficit | ||||
| Ordinary shares | 0 | 0 | ||
| Class B ordinary shares | ||||
| Shareholders' Deficit | ||||
| Ordinary shares | [1] | $ 874 | $ 1,006 | |
| ||||