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Mercator Acquisition Corp. (Nasdaq: MRCOU) closed its initial public offering totaling approximately $172.5 million, following the sale of 15,000,000 units at $10.00 per unit, including 2,250,000 units issued pursuant to the underwriter’s full over-allotment option.
The units began trading on the Nasdaq Global Market on July 9, 2026 under the symbol MRCOU. Each unit contains one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant allows the purchase of one Class A ordinary share at $11.50 per share, and only whole warrants are exercisable and tradeable. Once the components trade separately, the Class A shares and warrants are expected to trade under MRCO and MRCOW, respectively. Clear Street acted as sole book-running manager, and the registration statement was declared effective by the SEC on July 8, 2026.
Mercator Acquisition Corp (Nasdaq: MRCOU), a blank check company, priced a $150 million initial public offering of 15,000,000 units at $10.00 per unit. Each unit includes one Class A ordinary share and one-half of one redeemable warrant exercisable at $11.50.
The units begin trading on July 9, 2026 on Nasdaq under MRCOU, with shares and warrants later expected to trade as MRCO and MRCOW. Underwriters have a 45-day option to buy up to 2,250,000 additional units.