Harbour Island Acquisition Corp. I announce the pricing for the initial public offering of $100,000,000.

New York, October 13th / PRNewswire / -- Harbour Island Acquisition Corp. I (hereinafter referred to as the "Company") today announced that its initial public offering (IPO) is priced at 10 million units, with each unit costing $10.00. It is expected that these units will be listed on the Global Market tier of the NASDAQ Stock Market LLC ("Nasdaq") and will begin trading on October 14, 2026, under the trading symbol "HRIAU".

Each unit consists of one Class A common share and one redeemable warrant. Each warrant grants the holder the right to purchase one Class A common share of the company at an exercise price of $11.50 per share, subject to certain adjustment conditions. Once the securities that make up the unit begin to trade separately, the Class A common shares and warrants are expected to be listed on Nasdaq under the codes “HRIA” and “HRIAW” respectively.

The issuance is expected to be completed on October 15, 2026, but it is subject to meeting the usual delivery conditions. The company has granted the underwriters an option for 45 days to purchase an additional maximum of 1.5 million units at the initial public offering price in order to cover any over-allotments (if any).

The company is a blank check company, established with the purpose of merging with one or more enterprises, conducting acquisitions, stock exchanges, asset purchases, share purchases, reorganizations, or similar business combinations. The company can look for acquisition opportunities in any industry, sector, or geographical region. However, the company's main focus will be on industrial materials, engineering components, as well as equipment and supply chains that support the production of technical assets, including semiconductors and semiconductor equipment, artificial intelligence and AI enabling software, data infrastructure, robotics and automation, as well as aerospace and defense. The company's management team is led by the Chief Executive Officer and Chairman of the Board of Directors, McAndrew Rudisill, and the Chief Financial Officer, Samuel Knipper. Other members of the Board of Directors include Ryan Smith, Michael Edwards, Benjamin Piggott, and James Muchmore.

Clear Street LLC serves as the sole bookkeeper for this issuance.

This issuance is conducted solely through the prospectus. The prospectus can be obtained from Clear Street LLC upon request, at the address: 4 World Trade Center, 150 Greenwich Street, Floor 45, New York NY 10007, or by sending an email to [email protected].

Registration statements related to these securities have been submitted to the U.S. Securities and Exchange Commission (SEC) and became effective on October 13, 2026. This press release does not constitute an offer to sell or an invitation to purchase; sales of these securities in any state or jurisdiction where such an offer, invitation, or sale would be illegal before registration or qualification in accordance with that state or jurisdiction's securities laws are prohibited.

Forward-looking Statements

This press release contains statements that constitute “forward-looking statements,” including information regarding the proposed initial public offering and the company’s efforts to build its initial business portfolio. There is no guarantee that the aforementioned issuance will be completed as described, or that it will ultimately be completed, and there may be certain adjustments made.

Forward-looking statements are subject to various conditions, many of which are beyond the company's control, including those listed in the registration statement submitted by the company to SEC and the “Risk Factors” section of the preliminary prospectus for the initial public offering. Copies of the relevant documents can be obtained at the SEC website under www.sec.gov. Except as required by law, the company assumes no obligation to update these statements due to revisions or changes after the date of this press release.

Investor Contact

Harbour Island Acquisition Corp. I