Lafayette Digital Acquisition Corp. I Class A Ordinary Shares

ZKP: 10-Q · periodic report

Lafayette Digital Acquisition Corp. I, a blank check company, completed its Initial Public Offering on January 12, 2026, selling 28,750,000 Units at $10.00 per Unit, generating gross proceeds of $287,500,000. Each Unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. The company also sold 760,000 Private Units to the Sponsor and BTIG, the underwriter, at $10.00 per Unit, generating an additional $7,600,000 in gross proceeds. The total transaction costs amounted to $16,395,917, including a $5,750,000 cash underwriting fee and a $10,062,500 deferred underwriting fee. As of March 31, 2026, the company had $289,687,424 in investments held in the Trust Account, which includes $2,187,424 of interest earned. The company also had $846,656 in cash held outside the Trust Account. The company's management has determined that the projected future liquidity position raises substantial doubt about the company's ability to continue as a going concern. The company intends to complete its initial Business Combination before the mandatory liquidation date of January 12, 2028, but there is no assurance that it will be able to do so.

SEC 10-Q•5mo ago