A $345 Million NYSE Initial Public Offering from Formation to the Opening Bell
George G. O’Leary served as Fractional Chief Financial Officer of New America Acquisition I Corp. (NYSE: NWAX) from August 2025 through August 26, 2026, helping establish the financial foundation through formation, SEC registration, the IPO and initial public-company reporting. He served on its Board of Directors from December 3, 2025 through February 6, 2026.
NYSE Opening Bell · December 4, 2025 · 11 Wall Street, New York
A public-company foundation built for the next chapter
Formation, SEC registration & full over-allotment execution
The company’s Form S-1 registration statement (File No. 333-289204) became effective on November 19, 2025. A $300 million base offering of 30 million units was priced at $10.00 per unit; the underwriters exercised their 15% over-allotment option in full, adding 4.5 million units.
The IPO closed on December 5, 2025 with 34.5 million units sold and $345 million in gross proceeds, before underwriting discounts, commissions and offering expenses. Initial trust funding of $345 million was held with Odyssey Transfer and Trust Company.¹
The SPAC’s stated focus was U.S.-based businesses contributing to domestic manufacturing, technological innovation, infrastructure and critical supply chains. The IPO established the public-market vehicle; it was not itself a completed acquisition or de-SPAC transaction.
Leadership recognized by the boardroom
When George transitioned from the CFO role effective August 26, 2026, the company publicly recognized his contribution:
“On behalf of the Board and the entire New America team, I want to thank George for his leadership through our formation and initial public offering and for the strong financial foundation he helped build.”— Kyle Wool, Chief Executive Officer
New America Acquisition I Corp. (NYSE: NWAX) · August 26, 2026
Financial architecture. SEC registration. Transaction readiness. Public-company reporting.
Milestones are documented in the SEC filing and company statement linked below; transaction execution reflects the work of the broader management team, board, underwriters and advisers.December 4, 2025
A curated documentary record of the NYSE Opening Bell and listing celebration.
A signature at the Exchange
Transaction facts, independently documented
- SEC Form 8-K, December 5, 2025 — registration effectiveness, IPO closing, unit economics, securities, director appointment and trust funding.
- SEC Form 8-K filed February 9, 2026 — George O’Leary’s resignation as a director, effective February 6, 2026; CFO service continued separately.
- Company CFO transition statement, August 26, 2026 — effective transition date and Kyle Wool’s statement recognizing George’s leadership.
- Company investor presentation, December 4, 2025.
¹ The SEC filing states that $345 million of net proceeds from the IPO and the private placement was placed in trust. This equals the gross IPO amount, but should not be read as saying underwriting costs and offering expenses were zero. Opening Bell: December 4; IPO closing: December 5, 2025.
Photographs supplied by George O’Leary; cropped, correctly oriented and lightly color-graded for this documentary presentation.
Preparing for a public-market milestone?
For boards, sponsors and CEOs considering an IPO, exchange uplisting, SPAC/de-SPAC transaction or audit committee leadership mandate: start a confidential conversation about the financial and governance foundation your next chapter requires.
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