NEW YORK (October 28, 2025) - Perkins Coie announced today that it is advising Idea Acquisition Corp. (the “Company”), an AI-focused special purpose acquisition company, on its plan to raise $350 million through an initial public offering (IPO) and the sale of 35 million units at $10 each.
The Company plans to use the IPO proceeds to acquire one or more AI-powered software companies, particularly those developing large language models, AI hosting infrastructure, and model-creation platforms. The Los Angeles-based company plans to list on the Nasdaq under the ticker IACOU.
The Company’s leadership includes Chief Executive Officer Trevor Harries-Jones, chief operating officer at scanning technology firm OTOY, and Chief Financial Officer Nathan Clark, head of finance at Ondello.
The Perkins Coie advisory team is led by Corporate Law partner Elliott Smith and includes counsels Sarah Ross and Jordan Leon.
