0001185185-26-004057 Sample Contracts
New Iceland Arctic Acquisition Corp. Golden, CO 80401Underwriting Agreement • September 16th, 2026 • New Iceland Arctic Acquisition Corp. • Blank checks
This letter (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between New Iceland Arctic Acquisition Corp., a Cayman Islands exempted company (the “Company”), and Chardan Capital Markets, LLC (the “Underwriter”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each comprised of one Class A ordinary share, par value $0.0001 per share, of the Company (each an “Ordinary Share”), one-half of one redeemable warrant to purchase one Ordinary Share (each whole warrant, a “Warrant”), and one right to receive one-fifth of one Class A ordinary share upon the consummation of the Company’s initial Business Combination (each, a “Right”). Each Warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units will be sold in the IPO pursuant to a registration statement on Form S-1 and a