$345M SPAC IPO Marks Major Capital Raise as New America Acquisition Corp Completes Market Debut

Kevin McGurn, leading New America Acquisition I Corp as CEO and Chairman, highlighted the successful close of the company’s public offering, which brought in $345 million across 34.5 million units priced at $10 each. The overwhelming demand from institutional investors led underwriters to exercise their full over-allotment option, adding an additional 4.5 million units to the originally planned 30 million unit offering.

Strong Market Reception Signals Investor Confidence

The heavily oversubscribed offering reflects institutional appetite for vehicles targeting industrial transformation. McGurn attributed this momentum to structural shifts reshaping the U.S. economy—particularly in automation, data infrastructure, and energy modernization. “Investors clearly recognize the magnitude of capital redeployment happening across industrial and technology sectors,” he noted, pointing to advances in automation and the strengthening of domestic supply chains as key drivers.

Unit Structure and Trading Details

Each unit comprises one share of Class A common stock plus half a redeemable warrant. Warrant holders gain the right to purchase one additional Class A share at $11.50, providing downside protection and upside participation. Trading launched on the New York Stock Exchange on December 4, 2025, under ticker NWAXU. Once unit components separate, the Class A shares will trade as NWAX while warrants will trade as NWAXW.

Capital Deployment Strategy

The $345 million raised through the public offering, along with $6 million from a concurrent private placement of 600,000 units at the same $10 price point, positions New America Acquisition I Corp to pursue merger or business combination opportunities. All public offering proceeds have been placed in a trust account, earmarked for identifying and combining with established U.S. businesses in automation, advanced manufacturing, infrastructure, and energy systems.

The company targets enterprises that strengthen industrial capacity and technological resilience, with particular focus on organizations contributing to domestic economic reinvestment.

Offering Details and Regulatory Framework

Dominari Securities LLC and D. Boral Capital LLC served as co-book-running managers. The Securities and Exchange Commission approved the registration statement on November 19, 2025, with the offering distributed exclusively via prospectus. The structure reflects standard SPAC protocols, with forward-looking statements subject to risks outlined in SEC filings available at www.sec.gov.