Pioneer Acquisition I Corp Announces Pricing of $220,000,000 Initial Public Offering
Globenewswire·2025-06-18 02:04

Group 1 - The company, Pioneer Acquisition I Corp, announced the pricing of its initial public offering (IPO) of 22,000,000 units at $10.00 per unit, with trading expected to begin on June 18, 2025 [1] - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with separate trading anticipated for the shares and warrants under the symbols "PACH" and "PACHW" respectively [1] - The underwriter has a 45-day option to purchase an additional 3,300,000 units to cover over-allotments, and the offering is expected to close on June 20, 2025, subject to customary closing conditions [1][2] Group 2 - Pioneer Acquisition I Corp is a blank check company incorporated in the Cayman Islands, aiming to engage in mergers, share exchanges, asset acquisitions, or similar business combinations with other entities [2] - Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering, while Odeon Capital Group LLC served as co-manager [2][3] - A registration statement on Form S-1 relating to these securities was filed with the SEC and declared effective on June 17, 2025, with the offering being made only by means of a prospectus [4]