Insight Digital Partners II closes $172.5M IPO, over-allotment in full, $172.5M in trust
Insight Digital Partners II
- IPO of 17,250,000 units at $10.00/unit completed Oct 30, 2025; over-allotment option exercised in full for 2,250,000 units.
- Gross proceeds of $172.5M deposited in trust account held by Efficiency (trustee); funds locked until business combination or redemption.
- Concurrent private placement of 5,450,000 warrants at $1.00 each to sponsor (3.725M) and underwriter (1.725M) for $5.45M gross.
- Units trade on Nasdaq under DYORU; Class A shares and warrants expected to trade under DYOR and DYORW after separate trading begins.
- Board expanded with independent directors Sam Cassatt, Daniel Hume, and Lok Lee; audit and compensation committees established.