Key facts
- Innovative Digital Investors Acquisition is targeting an IPO.
- The SPAC plans to offer 12.5 million units.
- Each unit is priced at $10.
- The filing was made with the SEC.
Special Purpose Acquisition Companies (SPACs) are shell companies that raise capital through an IPO to acquire an existing private company. This filing indicates the SPAC's intention to go public and begin its search for a target company.