Idea Acquisition is a SPAC with no operations, formed solely to identify and acquire a private company through a Business Combination, taking that company public in the process. Idea Acquisition raised $350M in its IPO by selling 35M units at $10.00 each, with proceeds held in a Trust Account invested in U.S. Treasuries or money market funds until a deal closes. The company has 24 months from its IPO to complete a Business Combination; if it fails, it must return Trust Account funds to public shareholders at approximately $10.00 per share. Management has stated a preference for AI software companies — specifically targeting businesses at the intersection of AI infrastructure and applied AI, including software platforms, enterprise AI applications, model creators, and developer-facing tools — with enterprise values above $1B and subscription or usage-based revenue models. The Sponsor, Idea Tender LLC, and underwriters Cantor Fitzgerald and Odeon Capital received Founder Shares and Private Placement Warrants at minimal cost, which become valuable only if a deal closes, creating a strong incentive to transact. Each IPO unit included one-third of a warrant exercisable at $11.50 per share, offering upside if the post-deal stock performs well. Public shareholders can redeem at approximately $10.00 per share regardless of outcome, with returns beyond that depending on the performance of the acquired business.