Monitor for pricing announcement and first day of trading. The SPAC has no target selected yet; post-IPO, the stock will trade as a unit trust with redemption rights at $10.00 per share. The 24-month deadline to announce a business combination begins at closing.
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Executive Summary
The SEC declared effective the S-1 registration statement for New Iceland Arctic Acquisition Corp., a SPAC targeting high-growth companies in Iceland and the Arctic region. The IPO of 12,500,000 units at $10.00 each ($125M gross) can now proceed to pricing. The effectiveness date is September 24, 2026, and the offering is expected to close shortly.
Key Facts
- IPO of 12,500,000 units at $10.00 per unit for gross proceeds of $125,000,000
- Each unit consists of one Class A ordinary share, one-half redeemable warrant, and one right to receive one-fifth of Class A ordinary share
- Underwriter over-allotment option for up to 1,875,000 additional units
- Sponsor to purchase 178,000 private placement units at $10.00 each ($1,780,000 aggregate)
- Effectiveness date: September 24, 2026; accepted September 25, 2026
Financial Impact
Gross proceeds of $125,000,000 from 12,500,000 units at $10.00 each
Risk Factors
- No identified acquisition target; SPAC may fail to complete a business combination within required timeframe
- Dilution from warrants and rights
- Redemption risk if shareholders redeem at trust value post-business combination announcement
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-003053 |
| Document: 9999999995-26-003053-index.html | 9999999995-26-003053 |
| Document: 9999999995-26-003053.txt | 9999999995-26-003053 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | S-1/A | — | awaiting T+20 | — | — |
Oct 5, 2026 22d ago | S-1/A | — | awaiting T+20 | — | — |
Oct 5, 2026 22d ago | 15-12G | — | awaiting T+20 | — | — |
Oct 2, 2026 24d ago | S-1 | — | awaiting T+20 | — | — |
Sep 25, 2026 4w ago | EFFECT | — | awaiting T+20 | — | — |
Sep 24, 2026 4w ago | 3 | — | awaiting T+20 | — | — |
US Market Status
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