InvestmentMay 22, 2026, 04:37 PM
Peace Acquisition Corp Prices $60M Initial Public Offering
AI Summary
Peace Acquisition Corp announced the pricing of its initial public offering of 6,000,000 units at $10.00 per unit, totaling $60,000,000. The units are set to begin trading on the Nasdaq Capital Market under the ticker symbol "PECEU" on May 22, 2026. Each unit consists of one ordinary share, one right entitling the holder to receive one-fifth of one ordinary share upon a business combination, and one warrant to purchase one ordinary share for $11.50. The company is a blank check company formed to pursue a business combination with entities in Asia, excluding Mainland China, Hong Kong, or Macau, and has granted underwriters a 45-day option to purchase up to an additional 900,000 units.
Key Highlights
- Peace Acquisition Corp priced its IPO of 6,000,000 units at $10.00 each, raising $60,000,000.
- Units will trade on Nasdaq Capital Market as "PECEU" starting May 22, 2026.
- Each unit comprises one ordinary share, one right (1/5 share), and one warrant ($11.50 strike).
- Separate trading symbols: "PECE" (shares), "PECER" (rights), "PECEW" (warrants).
- Company is a blank check company targeting businesses in Asia, excluding China, Hong Kong, Macau.
- Underwriters have a 45-day option for an additional 900,000 units.
- $60,300,000 of gross proceeds will be deposited into a segregated trust account.
- Sponsors and insiders agreed to a 180-day lock-up period for their securities.
Price Impact
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