Harbour Island Acquisition Corp. I announce the pricing for a $100,000,000 initial public offering
PR Newswire
1h ago
Ai Focus
Harbour Island Acquisition Corp. I announce that its initial public offering (IPO) is priced at $100 million, with 10 million units issued at $10.00 per unit. Trading is expected to begin on October 14th on the NASDAQ Global Market tier under the ticker symbol HRIAU. Each unit consists of one Class A common share and one redeemable warrant, with the warrant exercise price at $11.50 per share.
Helpful
No.Help

Harbour Island Acquisition Corp. I announce the pricing for the initial public offering of $100,000,000.

New York, October 13th / PRNewswire / -- Harbour Island Acquisition Corp. I (hereinafter referred to as the "Company") today announced that its initial public offering (IPO) is priced at 10 million units, with each unit costing $10.00. It is expected that these units will be listed on the Global Market tier of the NASDAQ Stock Market LLC ("Nasdaq") and will begin trading on October 14, 2026, under the trading symbol "HRIAU".

Each unit consists of one Class A common share and one redeemable warrant. Each warrant grants the holder the right to purchase one Class A common share of the company at an exercise price of $11.50 per share, subject to certain adjustment conditions. Once the securities that make up the unit begin to trade separately, the Class A common shares and warrants are expected to be listed on Nasdaq under the codes “HRIA” and “HRIAW” respectively.

The issuance is expected to be completed on October 15, 2026, but it is subject to meeting the usual delivery conditions. The company has granted the underwriters an option for 45 days to purchase an additional maximum of 1.5 million units at the initial public offering price in order to cover any over-allotments (if any).

The company is a blank check company, established with the purpose of merging with one or more enterprises, conducting acquisitions, stock exchanges, asset purchases, share purchases, reorganizations, or similar business combinations. The company can look for acquisition opportunities in any industry, sector, or geographical region. However, the company's main focus will be on industrial materials, engineering components, as well as equipment and supply chains that support the production of technical assets, including semiconductors and semiconductor equipment, artificial intelligence and AI enabling software, data infrastructure, robotics and automation, as well as aerospace and defense. The company's management team is led by the Chief Executive Officer and Chairman of the Board of Directors, McAndrew Rudisill, and the Chief Financial Officer, Samuel Knipper. Other members of the Board of Directors include Ryan Smith, Michael Edwards, Benjamin Piggott, and James Muchmore.

Clear Street LLC serves as the sole bookkeeper for this issuance.

This issuance is conducted solely through the prospectus. The prospectus can be obtained from Clear Street LLC upon request, at the address: 4 World Trade Center, 150 Greenwich Street, Floor 45, New York NY 10007, or by sending an email to [email protected].

Registration statements related to these securities have been submitted to the U.S. Securities and Exchange Commission (SEC) and became effective on October 13, 2026. This press release does not constitute an offer to sell or an invitation to purchase; sales of these securities in any state or jurisdiction where such an offer, invitation, or sale would be illegal before registration or qualification in accordance with that state or jurisdiction's securities laws are prohibited.

Forward-looking Statements

This press release contains statements that constitute “forward-looking statements,” including information regarding the proposed initial public offering and the company’s efforts to build its initial business portfolio. There is no guarantee that the aforementioned issuance will be completed as described, or that it will ultimately be completed, and there may be certain adjustments made.

Forward-looking statements are subject to various conditions, many of which are beyond the company's control, including those listed in the registration statement submitted by the company to SEC and the “Risk Factors” section of the preliminary prospectus for the initial public offering. Copies of the relevant documents can be obtained at the SEC website under www.sec.gov. Except as required by law, the company assumes no obligation to update these statements due to revisions or changes after the date of this press release.

Investor Contact

Harbour Island Acquisition Corp. I

2875 South Ocean Blvd, Palm Beach, FL 33480
(o) (728) 226-8216
[ email protected ]

Tip
$0
Like
0
Save
0
Views 20
WalletJYS reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”,and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
U.S. Stock Market: S&P 500 Index Nearly Flat, Chip Stocks Continue to Drag Down Tech Sector
The S&P 500 index was essentially flat on Tuesday, still close to its historical highs. Chip stocks continued to weaken due to concerns about Chinese competitors, dragging down the Nasdaq 100 index by 0.3%; at the same time, traders digested the generally strong third-quarter results of banks such as JPMorgan Chase and Goldman Sachs, and paid attention to statements by New York Federal Reserve Chairman Williams suggesting that there is no need for interest rate hikes next year.
The Block
·2026-10-14 06:13:32
14
JPMorgan Issues $7 Billion in Bonds, Setting the Stage for a Wave of Financing After Wall Street Banks Release Their Financial Reports
JPMorgan Chase issued $7 billion in investment-grade bonds on Tuesday, kicking off a wave of financing by major Wall Street banks following the release of their third-quarter earnings. According to people familiar with the matter, the issuance was divided into three tranches with maturities of 4 years and 11 years, with the longest-tranche yielding 0.9 percentage points more than U.S. Treasury bonds. Barclays estimates that the six major Wall Street banks will issue approximately $41 billion in high-grade bonds this quarter.
The Block
·2026-10-14 06:13:31
10
New Algorithms for the Start of Entrepreneurship
A sponsored article cites a report from Shopify titled “Entrepreneur Effect” which states that e-commerce platforms and AI are lowering the barriers to entrepreneurship, making it easier to start on a small scale, target niche markets, and reach customers around the world. The article mentions that the number of new sellers on the Shopify platform has increased sevenfold since 2018, with merchants achieving over $68 billion in international sales by 2025. The platform ecosystem has supported more than 9.6 million jobs and driven over $1.2 trillion in economic activity.
Businessinsider
·2026-10-14 06:04:00
11
EDDA Technology Selected for the 2nd Consecutive Year in Time's 2026 Global Top Health Technology Companies List
EDDA Technology announces that the company has been selected for the 2026 "Global Top Health Technology Companies" list jointly published by __TIME__ and Statista. This is the second consecutive year it has received such recognition. The company stated that its IQQA ® platform has been used in over 130,000 cases worldwide, and it is currently advancing the construction of surgical AI capabilities based on NVIDIA's edge AI infrastructure.
PR Newswire
·2026-10-14 05:42:43
21
On October 14, there were mixed gains and losses among popular Chinese concept stocks: Li Auto rose by over 3%, while Wen远知行 fell by over 5%.
On October 14th, most of the popular Chinese concept stocks declined, while the NASDAQ China Golden Dragon Index closed up 0.14%. Li Auto rose 3.07%, Wanhuxinsheng rose 5.36%, and HSAI fell 4.37%. On Tuesday, the three major U.S. stock indices closed lower as the market digested the financial reports of large banks and the pressure on memory chip stocks caused by the decline in the South Korean stock market.
The Block
·2026-10-14 05:33:00
20
View More