Insight Acquisition Corp.
Insight Acquisition Corp. (NASDAQ: DYORU/DYORW/DYOR), operating as Insight Digital Partners II, is a publicly traded SPAC that raised $150 million in October 2025 to acquire a digital currency or crypto infrastructure company valued between $500 million and $5 billion.
- Company typePublic
- Founded2014
- HeadquartersCornelius, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Insight Acquisition Corp. does
Insight Acquisition Corp., operating under the trade name Insight Digital Partners II, is a publicly traded special purpose acquisition company (SPAC) incorporated to identify and consummate a business combination with a transformative target in the digital currency and crypto infrastructure sector. The company completed its $150 million initial public offering on NASDAQ on October 28, 2025, trading under tickers DYORU (units), DYORW (warrants), and DYOR (Class A Ordinary Shares), with separate trading of shares and warrants commencing on or about November 18, 2025. Proceeds are held in trust pending a qualifying acquisition.
The SPAC does not develop proprietary technology or generate operating revenue. Its stated search criteria target companies with $500 million to $5 billion enterprise value across eight named subsectors: crypto treasury strategy, crypto miners, high performance computing, stablecoin issuers, payment gateways, energy-sector blockchain applications, cryptocurrency exchanges, and crypto holding/trading entities. Target attributes include positive cash flow, strong balance sheets, compelling competitive advantages, audited PCAOB-compliant financials (minimum two years), and management prepared to operate in public markets.
The leadership team is the company's primary operating asset. Executive Chairman and CEO Michael E. Singer is a repeat SPAC sponsor with a prior value-creating de-SPAC transaction. Sam Cassatt, an Independent Director, previously served as Chief Strategy Officer at Consensys and is described as a core architect of Ethereum's commercialization. CFO Glenn Worman leads financial operations; Lok Lee and Daniel Hume bring Web3 and crypto venture capital expertise; Chelsea Saffran heads communications. The company has assembled top-tier legal, audit, and capital-markets advisors to support both the IPO and any future business combination. The sole revenue stream available to the sponsor is the spread between the trust-account IPO price and the eventual business combination valuation, plus equity from founder shares and warrant exercises, none of which is recognized prior to a deal close.
Insight Acquisition Corp. firmographics
Firmographics- Name
- Insight Acquisition Corp.
- Legal name
- Insight Acquisition Corp.
- Website
- https://insightacqcorp.com
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Insight Acquisition Corp. (NASDAQ: DYORU/DYORW/DYOR), operating as Insight Digital Partners II, is a publicly traded SPAC that raised $150 million in October 2025 to acquire a digital currency or crypto infrastructure company valued between $500 million and $5 billion.
- Ownership category
- akta.pro rank
Insight Acquisition Corp. industry classification
Industry- Product category
- Special Purpose Acquisition Company (SPAC)
- NAICS
- Investment Banking and Securities Intermediation (523150)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- M&A Advisory (Buy-Side & Sell-Side) (BPAHAOAA)
- akta.pro secondary industries
- Buy-Side Search & Acquisition Advisory (FSAEAIAD), Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC)
Keywords
Where Insight Acquisition Corp. is headquartered
LocationHeadquarters
- HQ city
- Cornelius
- HQ country
- United States
- HQ region
- North America
Markets served
Insight Acquisition Corp. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- SPAC Trust Account Returns: As a SPAC, Insight Acquisition Corp. raised $150 million in its IPO. The proceeds are held in trust pending a business combination with a target company in the digital currency or crypto infrastructure sector. Revenue generation for sponsors typically comes from warrant exercises and equity stakes in the post-combination entity.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Insight Acquisition Corp. product offering
Product offeringCore offering
Insight Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) that raised $150 million in an October 28, 2025 IPO on NASDAQ to identify and consummate a business combination with a target company in the digital currency and crypto infrastructure sector, with a target enterprise value of $500 million to $5 billion.
Product overview
Insight Acquisition Corp., through its subsidiary Insight Digital Partners II, is a specialty purpose acquisition company (SPAC) formed to acquire or merge with a transformative company in the digital currency and crypto infrastructure space. As a SPAC, the company does not currently offer its own products or services but is actively seeking target acquisitions in sectors including Crypto Treasury Strategy, Crypto Miners, High Performance Computing, Stablecoin, Payment Gateways, Energy, Exchanges, and Crypto Holding and Trading. The company is listed on NASDAQ under symbols DYORU, DYORW, and DYOR.
Differentiator
Problem solved
Functional benefit
Products and services
- Insight Acquisition Corp. IPO Units Tradeable units offered in the SPAC's initial public offering, each comprising one share of Class A common stock and one redeemable warrant. Available to public investors via NASDAQ under ticker DYORU.
- Class A Common Stock Redeemable Class A common shares of Insight Acquisition Corp. trading on NASDAQ under ticker DYOR, available to public market investors.
- Redeemable Warrants Redeemable warrants trading on NASDAQ under ticker DYORW, exercisable for Class A common stock at $11.50 per share, issued as part of the IPO units.
Companies that use Insight Acquisition Corp.
Customer profileSegments1 record
Ideal customer profiles2 records
Insight Acquisition Corp. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Insight Acquisition Corp. partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights4 records
Insight Acquisition Corp. competitors and assessment
Company assessmentBroad incumbents
- Cipher Mining: Public Bitcoin miner and HPC hosting provider; provides a smaller-cap public-market read on the Crypto Miners/HPC subsectors the SPAC is targeting.
- Galaxy Digital Holdings: Public, full-service crypto financial-services firm spanning trading, asset management, mining, and ventures. Its diversified crypto-infrastructure footprint closely mirrors the SPAC's stated multi-subsector target universe.
- Riot Platforms: Public Bitcoin miner with growing HPC/data-center exposure; sits inside the SPAC's Crypto Miners and HPC target verticals and provides a public valuation reference for those subsectors.
- Core Scientific: Public Bitcoin miner and HPC hosting provider — emerged as a public company and operates directly inside the SPAC's Crypto Miners and HPC target verticals.
- Coinbase Global: Public crypto exchange and infrastructure provider; serves as both a potential acquisition reference for the SPAC and the dominant incumbent operating in several of the SPAC's stated target subsectors (exchanges, custody, payment gateways).
- Bakkt Holdings: Public digital-asset platform offering custody, trading, and payments; overlaps with the SPAC's Stablecoin, Payment Gateways, and Crypto Holding/Trading target subsectors.
- Hut 8 Corp. Public digital-asset mining and energy/HPC infrastructure operator; comparable across the Crypto Miners, HPC, and Energy target subsectors named by the SPAC.
- Marathon Digital Holdings: Large-cap public Bitcoin miner and HPC operator — explicitly within the SPAC's stated Crypto Miners / HPC target subsector and a useful public-market comparable for any mining/HPC target identified.
Regional players
- Bitfarms Ltd. Public Bitcoin miner with North American HPC pivot — operates within the SPAC's Crypto Miners/HPC target universe and serves as a cross-border public-comparable for similar targets.
Direct peers
- CSLM Acquisition Corp. Crypto/digital-asset-focused SPAC also targeting a business combination in the digital asset ecosystem. Closest direct peer — same vehicle structure, same target sector, same go-public pathway for crypto targets.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks5 records
Key highlights6 records
Customer concentration
Insight Acquisition Corp. social profiles
Digital presenceInsight Acquisition Corp. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Insight Acquisition Corp. leadership team
Management profileNumber of profiles
Profiles6 records
Insight Acquisition Corp. funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Insight Acquisition Corp. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Insight Acquisition Corp.
What does Insight Acquisition Corp. do?
Insight Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) that raised $150 million in an October 28, 2025 IPO on NASDAQ to identify and consummate a business combination with a target company in the digital currency and crypto infrastructure sector, with a target enterprise value of $500 million to $5 billion.
Is Insight Acquisition Corp. a public or private company?
Insight Acquisition Corp. is a public company. It is classified as public and is currently operating.
When was Insight Acquisition Corp. founded?
Insight Acquisition Corp. was founded in 2014. It employs 11 to 50 people.
Where is Insight Acquisition Corp. based?
Insight Acquisition Corp. is headquartered in Cornelius, United States, in the North America region.
How does Insight Acquisition Corp. make money?
One revenue line is on record: SPAC Trust Account Returns.
Who are Insight Acquisition Corp.'s main competitors?
Broad incumbents on record are Cipher Mining, Galaxy Digital Holdings, Riot Platforms, Core Scientific, Coinbase Global, Bakkt Holdings, Hut 8 Corp. and Marathon Digital Holdings. Bitfarms Ltd. is listed as a regional player. CSLM Acquisition Corp. is listed as a direct peer.
Does Insight Acquisition Corp. have an API?
No public API is recorded for Insight Acquisition Corp..
What industry is Insight Acquisition Corp. in?
Insight Acquisition Corp.'s product category is Special Purpose Acquisition Company (SPAC). Its primary akta.pro industry code is BPAHAOAA, M&A Advisory (Buy-Side & Sell-Side), with a secondary code of FSAEAIAD, Buy-Side Search & Acquisition Advisory. Its NAICS code is 523150 and its SIC code is 6211.