- CEO
- James S. Cassel
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Brickell Avenue Miami FL Cayman Islands 33131
- IPO Date
- Jul 1, 2025
- Business
- Indigo Acquisition Corp. Indigo Acquisition Corp. (NASDAQ:INAC) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more established, profitable businesses possessing attractive market positions and growth potential. The Cayman Islands-exempt company, incorporated in 2024 and headquartered at 801 Brickell Avenue, Suite 1900, Miami, Florida, offers no current products or services beyond its core SPAC structure, which includes units trading on the Nasdaq Global Market under the ticker INACU—each comprising one ordinary share and one right entitling the holder to one-tenth of one ordinary share upon completion of an initial business combination, subject to adjustment; ordinary shares and rights began separate trading under INAC and INACR on July 30, 2025. Led by Chairman and Chief Executive Officer James S. Cassel and Chief Operating Officer, Chief Financial Officer Scott Salpeter—co-founders of middle-market investment bank Cassel Salpeter & Co.—the company targets opportunities leveraging management's expertise in mergers, acquisitions, financings, and advisory services, with operations centered in the United States and no disclosed subsidiaries or parent relationships. In recent developments, Indigo Acquisition Corp. completed its initial public offering of 10 million units at $10.00 each on July 1, 2025, raising $100 million placed in trust, followed by the full exercise of the underwriters' over-allotment option on July 11, 2025, for an additional 1.5 million units generating $15 million in gross proceeds; EarlyBirdCapital acted as book-running manager with IB Capital as co-manager. The company has not announced any business combination target as of late 2025, with recent activity including Schedule 13G and 13D filings reflecting institutional interest, such as Wealthspring Capital LLC's acquisition of 795,400 shares on September 30, 2025, and ongoing SEC reporting including a quarterly 10-Q filed August 13, 2025.