Avidia Bancorp CEO Cozzone buys $49,986 in shares
LaFayette Acquisition Corp. completed its initial public offering of 11.5 million units at $10 per unit, raising $115 million in gross proceeds. The special purpose acquisition company exercised the underwriters’ over-allotment option in full for an additional 1.5 million units.
The company placed $115 million from the offering and a simultaneous private placement into a trust account. LaFayette Acquisition Corp. was formed to pursue mergers, acquisitions or similar business combinations with one or more businesses.
The units began trading on the Nasdaq Global Market under the ticker NASDAQ: LAFAU. Each unit contains one ordinary share and one right to receive one-tenth of an ordinary share upon completion of a business combination. The ordinary shares and rights will trade separately under symbols LAFA and LAFAR respectively once separate trading begins.
Christophe Charlier serves as chairman and chief executive officer of the blank check company. The registration statement for the securities became effective on October 22, 2025.
EarlyBirdCapital Inc. acted as book-running manager for the offering, with IB Capital serving as co-manager. The company may pursue business combinations with targets in any industry or geographic region.