Business Context and Reporting Period
This Form 8-K reports the consummation of the Initial Public Offering (IPO) by Lafayette Digital Acquisition Corp. I, a Cayman Islands exempted company and emerging growth company. The report covers events occurring between January 8, 2026 (SEC effectiveness of the Registration Statement) and January 12, 2026 (closing of the IPO).
Key Financial Metrics
| Metric | Value |
|---|---|
| Units Sold in IPO | 28,750,000 (including 3,750,000 from over-allotment) |
| Offering Price | $10.00 per Unit |
| Gross Proceeds (IPO) | $287,500,000 |
| Private Placement Proceeds | $7,600,000 (760,000 Private Units) |
| Total Funds in Trust Account | $287,500,000 |
| Deferred Underwriting Commissions | $10,062,500 |
| Warrant Exercise Price | $11.50 per share |
Note: As this is an IPO filing, there are no historical revenue, profit, or operating cash flow metrics. The company is a Special Purpose Acquisition Company (SPAC) with no operating history.
Material Changes and Transactions
- IPO Closing: The Company sold 28,750,000 Units at $10.00 each. Each Unit consists of one Class A ordinary share and one-fourth of one redeemable warrant.
- Private Placement: Simultaneously with the IPO, the Company sold 760,000 Private Units to the Sponsor (435,000 units) and BTIG, LLC (325,000 units) at $10.00 per unit.
- Trust Account Funding: $287,500,000 was deposited into a trust account for the benefit of public shareholders. This amount includes the deferred underwriting commissions.
- Corporate Governance: Jason Glazer and Robert Cusack were appointed to the Board of Directors. The Board is now divided into three classes with staggered terms.
Guidance, Outlook, and Risks
Outlook: The Company intends to consummate an initial business combination with one or more target businesses. The filing does not provide specific financial guidance or target identification.
Risks and Contingencies:
- Lock-up Period: Holders of Private Units agreed not to transfer, assign, or sell their securities until 30 days after the completion of the initial business combination.
- Warrant Terms: Warrants are redeemable and exercisable at $11.50 per share, subject to adjustment.
- Emerging Growth Company: The Company has elected to use the extended transition period for complying with new or revised financial accounting standards.
Investor Verification Checklist
- Verify the final amount of cash held in the trust account versus the $287,500,000 reported.
- Review the Underwriting Agreement (Exhibit 1.1) for details on the deferred underwriting commission of $10,062,500.
- Confirm the specific transfer restrictions and registration rights attached to the Private Units held by the Sponsor and BTIG.
- Examine the Amended and Restated Memorandum and Articles of Association (Exhibit 3.1) for provisions regarding the redemption of shares and the timeline for the initial business combination.