Corporate ActionMay 26, 2026, 04:02 PM
Peace Acquisition Corp. Completes $60M IPO; Units Trade as PECEU
AI Summary
Peace Acquisition Corp. announced the successful consummation of its initial public offering, raising gross proceeds of $60,000,000 from the sale of 6,000,000 units at $10.00 each. The units, which began trading on Nasdaq under the ticker symbol "PECEU," comprise one ordinary share, one right, and one warrant. The blank check company has placed $60,300,000 in trust and plans to pursue business combinations in Asia, specifically excluding Mainland China, Hong Kong, and Macau.
Key Highlights
- Peace Acquisition Corp. completed its initial public offering of 6,000,000 units at $10.00 per unit.
- The offering generated gross proceeds of $60,000,000 for the company.
- A total of $60,300,000 from the IPO and a simultaneous private placement was placed in trust.
- Each unit consists of one ordinary share, one right (one-fifth of an ordinary share), and one warrant (strike $11.50).
- Units are listed on Nasdaq under the ticker symbol "PECEU".
- The company is a blank check company focused on business combinations in Asia, excluding Mainland China, Hong Kong, or Macau.
- Underwriters have a 45-day option to purchase up to an additional 900,000 units to cover over-allotments.
Price Impact
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