Aerospace and defense SPAC Irenic Acquisition files for a $220 million IPO
April 28, 2026 News
Aerospace and defense-focused SPAC Irenic Acquisition prices $220 million IPO
Irenic Acquisition, a blank check company formed by Irenic Capital Management targeting aerospace and defense, raised $220 million by offering 22 million units at $10. Each unit consists of one share of common stock, and one-third of one warrant to purchase a share, exercisable at $11.50.
IPO Overview
Irenic Acquisition, a blank check company formed by Irenic Capital Management targeting aerospace and defense, filed on Friday with the SEC to raise up to $220 million in an initial public offering.
The company plans to raise $220 million by offering 22 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
Irenic Acquisition is led by CEO and Director Adam Katz, co-founder and CIO of investment firm Irenic Capital Management. The SPAC plans to target businesses in the aerospace, defense, and broader industrial sectors.
The New York, NY-based company was founded in 2026. It plans to list on the Nasdaq under the symbol IACQU. Jefferies is the sole bookrunner on the deal.
About the Company
We are a blank check company. While we may pursue an initial business combination target in any industry or geographic location, we intend to focus our search on companies in the aerospace, defense, and broader industrial sectors. Our management team is led by Adam Katz, our Chief Executive Officer and a director, E-Fei Wang, our President and a director, and Matthew Kupersmith, our Chief Financial Officer, who together contribute extensive experience in operations, investments and acquisitions. The varied backgrounds of our management team offer us a distinct advantage in identifying, assessing and executing transactions with exceptional businesses. Our executive officers are among the principals of Irenic Capital Management LP, or Irenic. Our sponsor is principally owned by Irenic’s Evergreen Fund （as defined below） and managed by our executive officers. We intend to draw upon Irenic’s infrastructure, personnel, analytic capabilities, network and relationships in identifying potential targets and assisting us in consummating our initial business combination.