Indigo Acquisition Corp (NASDAQ: INAC) is a blank check company incorporated on June 7, 2024, that exists solely to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses. It generates no operating revenue. The only income to date is interest earned on funds held in a Trust Account, which totaled approximately $2,298,371 for the year ended December 31, 2025, producing net income of $1,822,212 for that period. On July 2, 2025, the company completed its Initial Public Offering of 10,000,000 units at $10.00 per unit, with $117,298,371 held in the Trust Account as of December 31, 2025. The sponsor is Indigo Sponsor Group, LLC, controlled by Chairman and CEO James Cassel and COO/CFO Scott Salpeter. The company is headquartered at 3250 Mary Street, Suite 410, Miami, FL 33133. No operating business, customers, or commercial products exist as of the filing date.
- Revenue model
- Non-operating interest income from U.S. Treasury Bills held in the Trust Account. No operating revenues generated as of December 31, 2025. All Trust Account proceeds are intended for use in completing a business combination.
- Products and services
- No commercial products or services. The company offers ordinary shares and units to public investors, with proceeds held in trust pending a business combination. Private placement units were sold to the sponsor and EarlyBirdCapital at $10.00 per unit.
- Customers and end markets
- No customers or commercial end markets. The company's counterparties are public shareholders, the sponsor (Indigo Sponsor Group, LLC), and EarlyBirdCapital, Inc. as underwriter.
- Value-chain role
- Special purpose acquisition company (SPAC). Acts as an acquisition vehicle seeking a target business for a business combination. No operational role in any industry value chain as of December 31, 2025.
- Geographic exposure
- Headquartered in Miami, FL. No disclosed geographic focus for target business combination as of the filing date.
Source: SEC 10-K, filed 2026-03-26
Industry:
Blank Checks