INAC on Nasdaq
Indigo Acquisition Corp.
Blank check company, listed on Nasdaq (INAC). Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerINAC on Nasdaq1
- IndustryBlank Checks1
- HeadquartersMiami, Florida1
- Business address3250 Mary Street, Suite 410, Miami, Fl 331332
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
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Sponsor Group, LLC, an entity affiliated with our officers and directors (the “Sponsor”).3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 1 fiscal year, latest first.4
| Period ending | 2025-12-31 |
|---|---|
| Formation and operating costs | $368.0K |
| Net loss from operations | -$368.0K |
| Change on overallotment liability | $587 |
| Share compensation expense | -$108.8K |
| Dividend earned on marketable securities held in Trust Account | $2.3M |
| Other income, net | $2.2M |
| Net Income (loss) | $1.8M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2025-06-30 | 2025-02-28 | 2024-12-31 |
|---|---|---|---|---|
| Cash | $666.9K | |||
| Prepaid expense | $93.2K | $1.6K | ||
| Total Current Assets | $760.1K | $1.6K | ||
| Prepaid insurance, net of current portion | $25.5K | |||
| Marketable securities held in Trust Account | $117.3M | |||
| Deferred offering costs | $613 | |||
| Total Assets | $118.1M | $2.3K | ||
| Accounts payable | $9.0K | |||
| Accrued offering cost | $75.0K | |||
| Total Current Liabilities | $84.0K | $15.9K | ||
| Deferred underwriting fee payable | $4.0M | |||
| Total Liabilities | $4.1M | $15.9K | ||
| Ordinary shares subject to possible redemption, 11,500,000 and 0 shares at a redemption value of $10.20 and $0 per share at December 31, 2025 and 2024, respectively | $117.3M | |||
| Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 3,255,000 and 2,875,000 shares issued and outstanding, respectively at December 31, 2025 and 2024 | $326 | $288 | ||
| Additional paid-in capital | $4.7K | |||
| Accumulated deficit | -$3.3M | -$18.7K | ||
| Total Shareholders Deficit | -$3.3M | -$13.7K | ||
| Total Liabilities and Shareholders Deficit | $118.1M | $2.3K | ||
| Ordinary shares subject to possible redemption (in Shares) | 11.5M shares | 0 shares | ||
| Ordinary shares, shares at a redemption value (in Dollars per share) | $10.20 | $0.00 | ||
| Preference shares, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Preference shares, shares authorized (in Shares) | 20.0M shares | 20.0M shares | ||
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Ordinary shares, shares authorized (in Shares) | 200.0M shares | 200.0M shares | ||
| Ordinary shares, shares issued (in Shares) | 3.3M shares | 2.9M shares | ||
| Ordinary shares, shares outstanding (in Shares) | 3.3M shares | 2.9M shares | ||
| Shares subject to forfeiture | 375.0K shares | 375.0K shares | ||
| Number of transfered shares | 2.2M shares |
| Period ending | 2025-12-31 | 2025-06-30 | 2025-02-28 | 2024-12-31 |
|---|---|---|---|---|
| Cash | $666.9K | |||
| Prepaid expense | $93.2K | $1.6K | ||
| Total Current Assets | $760.1K | $1.6K | ||
| Prepaid insurance, net of current portion | $25.5K | |||
| Marketable securities held in Trust Account | $117.3M | |||
| Deferred offering costs | $613 | |||
| Total Assets | $118.1M | $2.3K | ||
| Accounts payable | $9.0K | |||
| Accrued offering cost | $75.0K | |||
| Total Current Liabilities | $84.0K | $15.9K | ||
| Deferred underwriting fee payable | $4.0M | |||
| Total Liabilities | $4.1M | $15.9K | ||
| Ordinary shares subject to possible redemption, 11,500,000 and 0 shares at a redemption value of $10.20 and $0 per share at December 31, 2025 and 2024, respectively | $117.3M | |||
| Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 3,255,000 and 2,875,000 shares issued and outstanding, respectively at December 31, 2025 and 2024 | $326 | $288 | ||
| Additional paid-in capital | $4.7K | |||
| Accumulated deficit | -$3.3M | -$18.7K | ||
| Total Shareholders Deficit | -$3.3M | -$13.7K | ||
| Total Liabilities and Shareholders Deficit | $118.1M | $2.3K | ||
| Ordinary shares subject to possible redemption (in Shares) | 11.5M shares | 0 shares | ||
| Ordinary shares, shares at a redemption value (in Dollars per share) | $10.20 | $0.00 | ||
| Preference shares, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Preference shares, shares authorized (in Shares) | 20.0M shares | 20.0M shares | ||
| Ordinary shares, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Ordinary shares, shares authorized (in Shares) | 200.0M shares | 200.0M shares | ||
| Ordinary shares, shares issued (in Shares) | 3.3M shares | 2.9M shares | ||
| Ordinary shares, shares outstanding (in Shares) | 3.3M shares | 2.9M shares | ||
| Shares subject to forfeiture | 375.0K shares | 375.0K shares | ||
| Number of transfered shares | 2.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 1 fiscal year, latest first.4
| Period ending | 2025-12-31 |
|---|---|
| Net income (loss) | $1.8M |
| Interest earned on marketable securities held in Trust Account | -$2.3M |
| Compensation expense to directors | $108.8K |
| Change in FV of Overallotment liability | -$587 |
| Prepaid expense | -$117.0K |
| Accounts Payable | $9.0K |
| Net cash used in operating activities | -$476.0K |
| Investment of cash into Trust Account | -$115.0M |
| Net cash used in investing activities | -$115.0M |
| Proceeds from sale of Units, net of underwriting discounts paid | $112.7M |
| Proceeds from sale of Private Placement Units | $3.8M |
| Advances from related party | $2.2K |
| Proceeds from promissory note - related party | $156.9K |
| Repayment of promissory note - related party | -$175.0K |
| Payment of offering costs | -$341.2K |
| Net cash provided by financing activities | $116.1M |
| Net Change in Cash | $666.9K |
| Deferred offering costs included in accrued offering costs | $75.0K |
| Remeasurement of ordinary shares to redemption value | $11.5M |
| Deferred underwriting fee payable | $4.0M |
| Advances from related party paid through promissory note related party | $18.1K |
| Overallotment liability at upon full exercise | $127.2K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Indigo Acquisition Corp., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerJames S. Cassel Jul 30, 2025 to now7
- Chief financial officerScott E. Salpeter Jul 9, 2025 to now8
Board members and other officers (5)
- Board memberDavid J. S. Flaschen Jun 30, 2025 to now9
- Board memberStephen A. Vogel Jun 30, 2025 to now10
- Board memberScott E. Salpeter Jul 9, 2025 to now8
- Board memberJames S. Cassel Jul 30, 2025 to now7
- Board memberDiego J. Veitia Jul 31, 2025 to now11
Timeline
- Jul 30, 2025New chief executive James S. Cassel becomes CEO7
Filings
37 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 4 major events, 6 insider forms, 6 large holders, 16 other. The latest 20:
- Aug 6, 202610-Q QUARTERLY REPORT EDGAR
- May 11, 202610-Q QUARTERLY REPORT EDGAR
- Mar 26, 202610-K ANNUAL REPORT EDGAR
- Feb 12, 2026SCHEDULE 13G/A EDGAR
- Nov 17, 2025SCHEDULE 13G/A EDGAR
- Nov 14, 2025SCHEDULE 13G/A EDGAR
- Nov 13, 202510-Q QUARTERLY REPORT EDGAR
- Oct 14, 2025SCHEDULE 13G EDGAR
- Aug 13, 202510-Q QUARTERLY REPORT EDGAR
- Aug 5, 2025SCHEDULE 13D EDGAR
- Jul 31, 20253 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jul 30, 20253 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jul 18, 20258-K CURRENT REPORT EDGAR
- Jul 11, 20258-K CURRENT REPORT EDGAR
- Jul 10, 20258-K CURRENT REPORT EDGAR
- Jul 10, 20253 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jul 9, 20253 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jul 8, 2025SCHEDULE 13G EDGAR
- Jul 1, 20258-K CURRENT REPORT EDGAR
- Jul 1, 2025424B4 PROSPECTUS EDGAR
The 37 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Bank of MontrealSCHEDULE 13G/A, 2 filings Nov 17, 2025 to Feb 12, 202612
- Harraden Circle Investments, LLCSCHEDULE 13G/A, 2 filings Jul 8, 2025 to Nov 14, 202513
- Wealthspring Capital LLCSCHEDULE 13G, 1 filing Oct 14, 202514
- Indigo Sponsor Group LLCSCHEDULE 13D, 1 filing Aug 5, 202515
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 9SEC EDGARDavid J. S. Flaschen, Board member
- 10SEC EDGARStephen A. Vogel, Board member
- 11SEC EDGARDiego J. Veitia, Board member
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