Lafayette Digital Acquisition I (ZKP)
Market Price (5/30/2026): $9.92 | Market Cap: $347.1 MilSector: Financials | Industry: Multi-Sector Holdings
Lafayette Digital Acquisition I (ZKP)
Market Price (5/30/2026): $9.92Market Cap: $347.1 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 4.6% | Trading close to highsDist 52W High is -0.8%, Dist 3Y High is -0.8% Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -83% | Key risksZKP key risks include [1] the failure to complete a business combination within its mandated timeframe, Show more. |
| Low stock price volatilityVol 12M is 4.6% |
| Trading close to highsDist 52W High is -0.8%, Dist 3Y High is -0.8% |
| Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -83% |
| Key risksZKP key risks include [1] the failure to complete a business combination within its mandated timeframe, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Lafayette Digital Acquisition I (ZKP) stock has remained largely at the same level since it went public on 2/4/2026 because of the following key factors:
1. Absence of a Definitive Business Combination. Lafayette Digital Acquisition I (ZKP) is a Special Purpose Acquisition Company (SPAC) that completed its initial public offering (IPO) on January 12, 2026, raising $287.5 million by offering units at $10.00 each to acquire a target business, primarily in the technology sector. As of May 4, 2026, the company has not announced a definitive business combination or a target acquisition. The lack of a confirmed merger or acquisition means there is no underlying operating business performance or future prospects to drive the stock price significantly above its initial trust value.
2. Trading at or Near Trust Value. Consistent with the typical behavior of SPACs before an acquisition is announced, Lafayette Digital Acquisition I's Class A ordinary shares (ZKP), which began trading separately on February 4, 2026, have remained largely at their IPO price of $10.00 per share. The stock has traded within a narrow range, with a 52-week high of $10.04 and a 52-week low of $9.85, and recent trading prices around $9.90-$9.93. This stability reflects the inherent mechanism of SPACs, where investors can redeem their shares at approximately the initial offering price if no satisfactory business combination is identified or approved, effectively creating a price floor.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
1/31/2026 to 5/29/2026| Return | Correlation | |
|---|---|---|
| ZKP | ||
| Market (SPY) | 9.6% | 16.2% |
| Sector (XLF) | -3.0% | 5.4% |
Fundamental Drivers
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Market Drivers
10/31/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| ZKP | ||
| Market (SPY) | 11.5% | 16.2% |
| Sector (XLF) | -0.7% | 5.4% |
Fundamental Drivers
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Market Drivers
4/30/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| ZKP | ||
| Market (SPY) | 38.0% | 16.2% |
| Sector (XLF) | 7.4% | 5.4% |
Fundamental Drivers
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Market Drivers
4/30/2023 to 5/29/2026| Return | Correlation | |
|---|---|---|
| ZKP | ||
| Market (SPY) | 89.0% | 16.2% |
| Sector (XLF) | 63.2% | 5.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ZKP Return | - | - | - | - | - | 0% | 0% |
| Peers Return | 27% | -54% | 174% | 62% | 7% | 11% | 207% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| ZKP Win Rate | - | - | - | - | - | 50% | |
| Peers Win Rate | 58% | 35% | 70% | 62% | 58% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| ZKP Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -30% | -62% | -27% | -33% | -37% | -30% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NVDA, COIN, PYPL, PANW, CRWD.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/29/2026 (YTD)
How Low Can It Go
ZKP has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
ZKP has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Lafayette Digital Acquisition I (ZKP)
AI Analysis | Feedback
It's like a publicly traded version of a private equity firm (such as Blackstone or KKR), but with the sole mission to acquire one promising private tech company (especially in blockchain or AI) and take it public.
AI Analysis | Feedback
- Business Combination Facilitation: Lafayette Digital Acquisition I's primary service is to identify, acquire, and merge with one or more private operating businesses, enabling them to become publicly traded entities.
AI Analysis | Feedback
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Samuel Jernigan IV Chief Executive Officer
Mr. Jernigan has served as the Chief Investment Officer of Lafayette Macro Investors and a Senior Advisor to the Scroll Foundation, Puffer Foundation, and Liquid Collective. He has been the Chief Executive Officer and Director of Lafayette Digital Acquisition Corp. I since August 2025.
Robert Munro Chief Financial Officer
Mr. Munro is the co-founder, General Partner, Chief Operating Officer, Chief Financial Officer, and Chief Compliance Officer of Black Pill Capital. He also serves as a Director of Lafayette Digital Acquisition Corp. I.
AI Analysis | Feedback
```htmlThe key risks for Lafayette Digital Acquisition I (ZKP) are primarily associated with its nature as a blank check company formed for the purpose of effecting a business combination.
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Inability to complete an initial business combination: Lafayette Digital Acquisition I is a blank check company that has not yet selected any specific business combination target nor initiated substantive discussions with any potential target. The company's business model relies entirely on identifying and completing a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. If the company is unable to identify or successfully complete such a combination within its designated timeframe, it may be forced to liquidate and return capital to its shareholders.
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Competition for suitable acquisition targets: The company intends to focus its search for acquisition opportunities within the financial services and technology industries, specifically highlighting areas like blockchain-enabled financial infrastructure, digital-asset ecosystem, financial technology, payments, artificial-intelligence-enabled financial software, encryption, cybersecurity, and enabling compute and hardware. These sectors are highly competitive, and the company may face significant competition from other SPACs, private equity firms, strategic buyers, and other entities for attractive target businesses. This competition could lead to higher acquisition prices or an inability to secure a desirable target.
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Risks associated with target industries, particularly blockchain and digital assets: While the company aims to prioritize lawful, standards-aligned operations, its stated emphasis on blockchain-enabled financial infrastructure and the broader digital-asset ecosystem, as well as opportunities aligned with Ethereum and its broader ecosystem, exposes it to inherent risks within these rapidly evolving and often volatile industries. These risks include regulatory uncertainty, technological changes, market acceptance, and price fluctuations of digital assets, which could adversely impact the value and prospects of any acquired business in these sectors.
AI Analysis | Feedback
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Lafayette Digital Acquisition I (ZKP) expects future revenue growth over the next 2-3 years to be driven by its strategic focus on acquiring businesses within specific high-growth technology and financial services sectors. These anticipated drivers of revenue growth are:
- Expansion within the digital-asset ecosystem and blockchain-enabled financial infrastructure: Lafayette Digital Acquisition I aims to acquire companies operating in blockchain-enabled financial infrastructure and the broader digital-asset ecosystem, with a particular interest in opportunities aligned with Ethereum and its broader ecosystem. The overall zero-knowledge proof market, which is pertinent to privacy and scalability in blockchain, is projected to reach $7.59 billion by 2033, growing at a compound annual growth rate of 22.1% from 2025 to 2033.
- Increased adoption of financial technology (FinTech) and digital payment solutions: The company intends to focus on businesses within financial technology and payments, capitalizing on the ongoing shift towards digital financial services.
- Growing demand for artificial intelligence (AI)-enabled financial software: A key area of emphasis for potential acquisitions is artificial intelligence-enabled financial software, indicating expected revenue growth from the increasing integration of AI into financial operations.
- Rising need for advanced encryption and cybersecurity solutions: Lafayette Digital Acquisition I is targeting businesses in encryption and cybersecurity, anticipating growth from the escalating global demand for secure digital environments and privacy-preserving technologies.
- Development and deployment of enabling compute and hardware: The company also focuses on acquiring businesses involved in enabling compute and hardware, which are foundational to the advancement and scalability of digital and AI ecosystems.
AI Analysis | Feedback
Share Issuance
- Lafayette Digital Acquisition I completed an initial public offering (IPO) where it sold 28,750,000 units, including the full exercise of the underwriters' over-allotment option, at an offering price of $10.00 per unit.
- The IPO generated aggregate gross proceeds of $287.5 million.
- A concurrent private placement involved the sale of 760,000 units at $10.00 per unit, raising $7.6 million.
Inbound Investments
- A private placement generated $7.6 million in investment.
- Lafayette Digital Sponsor I, LLC purchased 435,000 units, and BTIG, LLC purchased 325,000 units in the private placement.
Trade Ideas
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| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
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| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 200.08 |
| Mkt Cap | 117.3 |
| Rev LTM | 9,893 |
| Op Inc LTM | 1,422 |
| FCF LTM | 3,566 |
| FCF 3Y Avg | 3,140 |
| CFO LTM | 3,974 |
| CFO 3Y Avg | 3,382 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.4% |
| Rev Chg 3Y Avg | 29.1% |
| Rev Chg Q | 14.9% |
| QoQ Delta Rev Chg LTM | 3.5% |
| Op Inc Chg LTM | 6.4% |
| Op Inc Chg 3Y Avg | 111.3% |
| Op Mgn LTM | 14.4% |
| Op Mgn 3Y Avg | 18.2% |
| QoQ Delta Op Mgn LTM | 1.1% |
| CFO/Rev LTM | 33.5% |
| CFO/Rev 3Y Avg | 35.5% |
| FCF/Rev LTM | 26.8% |
| FCF/Rev 3Y Avg | 30.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 117.3 |
| P/S | 20.0 |
| P/Op Inc | 31.6 |
| P/EBIT | 27.0 |
| P/E | 32.1 |
| P/CFO | 40.8 |
| Total Yield | 1.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.8% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.5% |
| 3M Rtn | 13.3% |
| 6M Rtn | 9.7% |
| 12M Rtn | 25.8% |
| 3Y Rtn | 187.1% |
| 1M Excs Rtn | -3.8% |
| 3M Excs Rtn | 3.1% |
| 6M Excs Rtn | -2.7% |
| 12M Excs Rtn | -3.7% |
| 3Y Excs Rtn | 125.5% |
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