Ideation Acquisition Corp.
Completed 2009-11-05- CIK 1402225
- IDI
- Now FLNT
- IPO 2007-11-21
- $78.8M trust
- 116 filings
Successfully merged with SearchMedia International Limited • Now trading as FLNT
- IPO Size
- $80M
- raised at the IPO
- Trust
- $78.8M
- as of 2009-09-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2007
- year it listed
Filings, by quarter
116 filings over 11 quarters; violet bars carry a milestone
- 07 Q2: 2 filings
- 07 Q3: 4 filings
- 07 Q4: 25 filings
- 08 Q1: 4 filings
- 08 Q2: 1 filing
- 08 Q3: 2 filings
- 08 Q4: 9 filings
- 09 Q1: 14 filings
- 09 Q2: 25 filings
- 09 Q3: 14 filings
- 09 Q4: 16 filings
- S-1 filed 07 Q2
- IPO 07 Q4
- Definitive agreement 09 Q1
- Completed 09 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Ideation Acquisition Corp. is a blank check company formed to acquire one or more businesses through a business combination, with an expected focus on digital media.
Investment Focus
Media
Geographic Focus
United States
Key Information
As the filings state it
- IPO Date
- 2007-11-21
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2009-11-05
- Merger Target
- SearchMedia International Limited
- SPAC Ticker
- IDI
- Merged Ticker
- FLNT
Stock Performance
FLNTTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2007-12-28 | $7.20 | |
| At Merger | 2009-11-06 | $8.01 | +11% |
| 6 Months Post-Merger | 2010-05-10 | $4.66 | -42% |
| 1 Year Post-Merger | 2010-11-08 | $3.04 | -62% |
| 2 Years Post-Merger | 2011-11-07 | $1.25 | -84% |
| Current Price | 2026-10-16 | $2.72 | -62% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Led by Chairman Phillip Frost, whose background includes heading IVAX and over 50 acquisitions and divestitures. CEO Robert Fried has over 23 years founding and operating digital and traditional media companies; Steven Rubin and Rao Uppaluri worked with Frost at IVAX.