Idea raises $350M in IPO, places proceeds in $350M trust; issues 6M private warrants
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Idea has successfully completed a $350 million IPO, selling 35 million units at $10 each, with proceeds placed in a U.S. trust account. Additionally, the company conducted a private placement of 6 million warrants for $9 million. The total transaction costs amounted to $21.66 million, with a deferred underwriting fee of $14 million recorded. The auditor issued a clean opinion on the balance sheet as of February 12, 2026, confirming trust cash of $350 million.
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