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Pioneer Acquisition I Corp has priced its initial public offering (IPO) at $10 per unit, totaling 22 million units, and is set to begin trading on Nasdaq under the ticker “PACHU” on June 18, 2025. The IPO is managed by Cantor Fitzgerald & Co., with a closing date expected on June 20, 2025. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant, with separate trading anticipated under the symbols “PACH” and “PACHW.”
The offering includes a 45-day option for the underwriter to purchase an additional 3.3 million units to cover over-allotments. However, concerns regarding the lack of a defined business plan may deter some investors, and the company has acknowledged potential risks associated with the offering’s completion.
Pioneer Acquisition I Corp is a blank check company incorporated in the Cayman Islands, aiming to effect mergers or other business combinations. The registration statement relating to the securities has been filed with the SEC and was declared effective on June 17, 2025.
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