SPAC Iron Dome Acquisition I files for a $200 million IPO, targeting Israeli tech
May 11, 2026 News
SPAC Iron Dome Acquisition I lowers units offered by 25% ahead of $150 million IPO
The New York, NY-based company now plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50 per share. The company had previously filed to offer 20 million units at $10. At the revised deal size, Iron Dome Acquisition I will raise -25% less in proceeds than previously anticipated and command a fully diluted market value of $203 million.
IPO Overview
Iron Dome Acquisition I, a blank check company targeting Israeli tech businesses in cybersecurity, defense, and AI, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The company plans to raise $200 million by offering 20 million units at a price $10. Each unit consists of one share of common stock and one-third of a warrant exercisable at $11.50 per share.
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 was founded in 2025 and plans to list on the Nasdaq under the symbol IDACU. Iron Dome Acquisition I filed confidentially on October 22, 2025. D. Boral Capital and Arc Group Securities are the joint bookrunners on the deal.
About the Company
We are a newly incorporated blank check company incorporated as a Cayman Islands exempted company. Our mission is to partner with exceptional technology companies at the intersection of cybersecurity, defense technology, artificial intelligence, and data, and to help them scale as durable, independent public companies. We believe these three domains form the backbone of the next decade of enterprise value creation, driving secure digital transformation, operational resilience, and step-function productivity gains across industries. We intend to primarily concentrate our efforts on Israeli technology companies. Israel is home to a uniquely deep and world-class innovation ecosystem, underpinned by elite technical talent, globally recognized cybersecurity leadership, prolific AI and data science research, and a proven track record of commercializing cutting-edge technologies. Despite this concentration of high-quality companies, many Israeli innovators face structural frictions accessing the U.S. public markets. We aim to bridge that gap. We are led by Tom Y. Livne, a serial technology entrepreneur and investor with over 15 years of operating and investment experience building AI-native companies from inception to scale.