New America Acquisition I Corp.
New America Acquisition I Corp (NASDAQ: NWAX) is a blank-check special purpose acquisition company formed to identify and complete a merger or acquisition with one or more private businesses. The company generates no operating revenue. It holds capital raised through its IPO in a trust account managed by Odyssey Transfer and Trust Company, releasing those funds only upon completion of an initial business combination or liquidation. NWAX closed its IPO on December 5, 2025, selling 34,500,000 units at $10.00 per unit for gross proceeds of $345,000,000, and simultaneously completed a private placement of 600,000 units at $10.00 each for an additional $6,000,000. All $345,000,000 of net IPO and private placement proceeds were placed in trust. The company intends to target businesses with an aggregate enterprise value of $700 million or greater, with a focus on industries complementary to its management team's background. NWAX was incorporated on May 28, 2025. Kevin McGurn has served as Chief Executive Officer since July 2025.
Products & Services
Blank-check SPAC vehicle. Units consisting of one share of Class A common stock and one-half of one redeemable public warrant (whole warrant exercisable at $11.50 per share). 600,000 private placement units issued to sponsor New America Sponsor I LLC.
Revenue Model
No operating revenue. Capital is held in trust and deployed upon completion of an initial business combination. Interest earned in the trust account may be withdrawn to pay franchise and income tax obligations.
Customers & Markets
No customers or end markets as of the 10-K filing date. The company intends to acquire one or more private businesses with aggregate enterprise value of $700 million or greater, with no restriction on industry, sector, or geography, though management has indicated a preference for industries complementary to its team's background.
Geographic Exposure
Incorporated and operating in the United States. No geographic restriction disclosed for target acquisition.
Source: SEC 10-K, filed 2026-03-31
Financial Snapshot
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