Pioneer Acquisition I Corp Announces Closing of $253,000,000 Initial Public Offering

Group 1 - The company, Pioneer Acquisition I Corp, closed its initial public offering (IPO) of 25,300,000 units at a price of $10.00 per unit, raising gross proceeds of $253 million before expenses [1][3] - The units began trading on the Nasdaq Global Market under the ticker symbol "PACHU" on June 18, 2025 [1] - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant allowing the purchase of one Class A ordinary share at $11.50 [2] Group 2 - The company is a blank check company incorporated in the Cayman Islands, aiming to pursue mergers, share exchanges, asset acquisitions, or similar business combinations [3] - Cantor Fitzgerald & Co. served as the sole book-running manager for the offering, while Odeon Capital Group LLC acted as co-manager [3] Group 3 - The offering was conducted under a prospectus, with copies available from Cantor Fitzgerald & Co. or the SEC website [4] - A registration statement for these securities was declared effective by the SEC on June 17, 2025 [4]