Indigo Acquisition Corp.

Indigo Acquisition Corp. is a special purpose acquisition company (SPAC) formed to complete a merger, share exchange, asset acquisition, or similar business combination with an operating business. It has no operating business of its own and is focused on identifying a target, negotiating a transaction, and using IPO and private placement proceeds to fund the deal.

9.04

9.04

— Indigo Acquisition Corp.
%
SPAC capital formation100% IPO units, private placement units, and trust account proceeds used to fund a future acquisition.
Business combination execution0% Target screening, due diligence, negotiation, and closing of a merger or similar transaction.
Sponsor financing support0% Working capital loans and related insider funding used to bridge transaction costs before closing.

The company does not sell products or services to end customers today; its economic counterparties are investors, the...

  • Public IPO investorsprimary

    Buy units in the IPO for exposure to a future de-SPAC transaction and trust account protection.

  • Sponsor and private placement investorsprimary

    Provide private placement capital and support the transaction process before a business combination closes.

  • Future merger targetprimary

    Will receive cash and public-company access through the business combination, which is the core purpose of the SPAC.

  • Underwriters and advisorssecondary

    Earn fees for structuring and distributing the IPO and supporting the capital raise.

Indigo Acquisition Corp. is incorporated in the Cayman Islands, but its reporting and capital markets footprint is...

  • •Incorporated in the Cayman Islands
  • •Headquartered and reporting through the United States capital markets
  • •IPO and private placement proceeds raised in the U.S.
  • •Office and administrative services incurred in the U.S.
  • •Future operating geography depends on the acquisition target

The company’s strategy is to complete an initial business combination before the end of its combination period,...

01
Identify and close a suitable targetshort-term

The company has no operating business until a transaction is completed, so deal execution is existential.

02
Maintain liquidity through the combination periodshort-term

Operating expenses, due diligence costs, and public-company compliance must be funded until closing or liquidation.

03
Structure a financeable post-combination capital basemedium-term

The target may need additional capital or debt capacity after closing, especially if redemptions are high.

The main risk is that Indigo may fail to complete a business combination before the deadline, which would trigger...

critical

Failure to complete a business combination

The company has no operating revenues and exists to close one transaction; failure would force liquidation.

Scope
Combination period ends April 2, 2027
Materiality
High
high

Going concern and liquidity uncertainty

Management disclosed substantial doubt about the ability to continue as a going concern absent a closing.

Scope
Operating cash outside the trust account
Materiality
High
high

Redemption risk at closing

Public shareholders may redeem shares, reducing cash available to the target and increasing financing needs.

Scope
Post-IPO business combination funding
Materiality
High
high

Deal sourcing and execution risk

The company must identify, diligence, negotiate, and close a target within a limited timeframe.

Scope
Target pipeline and transaction process
Materiality
Medium
medium

Sponsor and insider funding dependence

Working capital loans are discretionary and may not fully cover transaction or operating needs.

Scope
Pre-close liquidity
Materiality
Medium
Trust account accounting
Affects cash presentation, interest income, and redemption economics
Offering costs
Impacts equity and transaction funding available
Fair value measurement of liabilities
Can materially affect reported net income/loss
Going-concern assessment
Influences financial statement disclosure and investor risk assessment

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: 28/04/2026