Core Viewpoint - Lafayette Digital Acquisition Corp. I has successfully closed its initial public offering, raising a total of $287.5 million through the issuance of 28,750,000 units at an offering price of $10.00 per unit [1][2]. Group 1: IPO Details - The offering included 3,750,000 units from the underwriters' over-allotment option, contributing to the total gross proceeds [1]. - Each unit consists of one Class A ordinary share and one-fourth of a redeemable warrant, with whole warrants exercisable at $11.50 per share after 30 days post-business combination [1]. - The units are listed on Nasdaq under the ticker symbol "ZKPU," with separate trading expected for Class A ordinary shares and warrants under "ZKP" and "ZKPW," respectively [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to pursue and complete a business combination with one or more businesses, primarily focusing on the technology sector [2][4]. Group 3: Company Overview - Lafayette Digital Acquisition Corp. I is a special purpose acquisition company (SPAC) formed to effect mergers, amalgamations, or similar business combinations [4]. - The management team is led by Samuel A. Jernigan IV, who serves as the Chief Executive Officer and Chairman of the Board of Directors [4].
Lafayette Digital Acquisition Corp. I Announces Closing of $287,500,000 Initial Public Offering