Iron Dome Acquisition I Corp.·4

May 18, 5:16 PM ET

Norden Matthew J. 4

Research Summary

AI-generated summary

Updated

Iron Dome (IDACU) CFO Matthew Norden Buys 2.75M Warrants

What Happened
Matthew J. Norden, Chief Financial Officer and a director of Iron Dome Acquisition I Corp., is reported to have acquired 2,750,000 private-placement warrants on 2026-05-18. The warrants were purchased at $1.00 each for a total purchase price of $2,750,000. The filing reflects a derivative acquisition (warrants), not ordinary shares.

Key Details

  • Transaction date: 2026-05-18; Transaction code: P (purchase) — 2,750,000 Private Placement Warrants at $1.00 each (aggregate $2,750,000).
  • Shares/warrants owned after transaction: The Sponsor (Iron Dome Acquisition I Parent LLC) is the record holder of the reported warrants; Mr. Norden is the sole member of the Sponsor’s managing member and may be deemed to beneficially own the securities but disclaims ownership except for any pecuniary interest. The Form 4 does not list a separate direct share count held personally by Mr. Norden.
  • Notable footnotes: F1–F4 state these are Private Placement Warrants sold to the Sponsor at $1 each; each warrant can buy one Class A ordinary share at $11.50 (subject to adjustment); warrants become exercisable 30 days after completion of the company’s initial business combination and expire five years after that combination (or earlier upon redemption/liquidation).
  • Filing timeliness: Reported on 2026-05-18 for a 2026-05-18 transaction (no late filing indicated).

Context
This is a sponsor private-placement purchase common in SPAC IPO structures: warrants were issued to the Sponsor at IPO, and the Sponsor (through its manager) is the record holder. For retail investors, note these are derivative instruments (warrants) that only become exercisable after the SPAC completes a business combination; they are not immediate equity in the operating company. Mr. Norden’s role as CFO and managing member of the Sponsor means he may be attributed beneficial ownership for reporting purposes, but he disclaims personal beneficial ownership beyond any pecuniary interest.