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Pioneer Acquisition I Corp Announces Pricing of $220,000,000 Initial Public Offering

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Pioneer Acquisition I Corp announced the pricing of its IPO of 22,000,000 units at $10.00 per unit, totaling $220 million. The units, trading under PACHU on Nasdaq, consist of one Class A ordinary share and one-half redeemable warrant. The company granted underwriters a 45-day option to purchase up to 3,300,000 additional units. Once separate trading begins, shares and warrants will trade as PACH and PACHW respectively. Pioneer Acquisition I is a Cayman Islands-based blank check company seeking business combinations. Cantor Fitzgerald & Co. serves as lead book-runner with Odeon Capital Group as co-manager. The offering is expected to close on June 20, 2025.
Pioneer Acquisition I Corp ha annunciato il prezzo della sua IPO di 22.000.000 di unità a 10,00 dollari ciascuna, per un totale di 220 milioni di dollari. Le unità, quotate su Nasdaq con il simbolo PACHU, comprendono un'azione ordinaria di Classe A e mezza warrant rimborsabile. La società ha concesso agli underwriter un'opzione di 45 giorni per acquistare fino a 3.300.000 unità aggiuntive. Una volta iniziata la negoziazione separata, le azioni e le warrant saranno quotate rispettivamente come PACH e PACHW. Pioneer Acquisition I è una società blank check con sede nelle Isole Cayman che cerca operazioni di fusione e acquisizione. Cantor Fitzgerald & Co. è il lead book-runner, con Odeon Capital Group come co-manager. La chiusura dell'offerta è prevista per il 20 giugno 2025.
Pioneer Acquisition I Corp anunció el precio de su oferta pública inicial (IPO) de 22.000.000 unidades a 10,00 dólares por unidad, sumando un total de 220 millones de dólares. Las unidades, que cotizan en Nasdaq bajo el símbolo PACHU, consisten en una acción ordinaria Clase A y una mitad de warrant redimible. La empresa otorgó a los suscriptores una opción de 45 días para comprar hasta 3.300.000 unidades adicionales. Una vez que comience la negociación separada, las acciones y los warrants se negociarán como PACH y PACHW respectivamente. Pioneer Acquisition I es una compañía de cheques en blanco con sede en las Islas Caimán que busca combinaciones empresariales. Cantor Fitzgerald & Co. actúa como principal coordinador, con Odeon Capital Group como co-gerente. Se espera que la oferta cierre el 20 de junio de 2025.
Pioneer Acquisition I Corp는 2,200만 단위의 IPO 가격을 단위당 10.00달러로 책정하여 총 2억 2천만 달러를 조달한다고 발표했습니다. 나스닥에서 PACHU로 거래되는 이 단위는 클래스 A 보통주 1주와 절반의 상환 가능 워런트로 구성되어 있습니다. 회사는 인수인들에게 45일 동안 최대 330만 단위를 추가로 구매할 수 있는 옵션을 부여했습니다. 별도의 거래가 시작되면 주식과 워런트는 각각 PACH와 PACHW로 거래될 예정입니다. Pioneer Acquisition I은 케이맨 제도에 기반을 둔 블랭크 체크 회사로, 사업 결합을 모색하고 있습니다. Cantor Fitzgerald & Co.가 주간사 역할을 하며 Odeon Capital Group이 공동 매니저로 참여합니다. 공모는 2025년 6월 20일에 마감될 예정입니다.
Pioneer Acquisition I Corp a annoncé le prix de son introduction en bourse (IPO) de 22 000 000 d’unités à 10,00 $ l’unité, pour un total de 220 millions de dollars. Les unités, cotées sous le symbole PACHU au Nasdaq, comprennent une action ordinaire de classe A et un demi-warrant remboursable. La société a accordé aux souscripteurs une option de 45 jours pour acheter jusqu’à 3 300 000 unités supplémentaires. Une fois le trading séparé lancé, les actions et les warrants seront négociés respectivement sous les symboles PACH et PACHW. Pioneer Acquisition I est une société de chèques en blanc basée aux Îles Caïmans, à la recherche de combinaisons d’affaires. Cantor Fitzgerald & Co. agit en tant que chef de file, avec Odeon Capital Group comme co-gestionnaire. La clôture de l’offre est prévue pour le 20 juin 2025.
Pioneer Acquisition I Corp gab die Preisfestsetzung für seinen Börsengang (IPO) von 22.000.000 Einheiten zu je 10,00 USD bekannt, was insgesamt 220 Millionen USD entspricht. Die Einheiten, die unter dem Tickersymbol PACHU an der Nasdaq gehandelt werden, bestehen aus einer Stammaktie der Klasse A und einer halben einlösbaren Option (Warrant). Das Unternehmen gewährte den Underwritern eine 45-tägige Option zum Kauf von bis zu 3.300.000 zusätzlichen Einheiten. Sobald der separate Handel beginnt, werden die Aktien und Warrants unter den Symbolen PACH bzw. PACHW gehandelt. Pioneer Acquisition I ist ein in den Cayman Islands ansässiges Blank-Check-Unternehmen, das nach Unternehmenszusammenschlüssen sucht. Cantor Fitzgerald & Co. fungiert als Hauptbuchführer, Odeon Capital Group als Co-Manager. Der Abschluss des Angebots wird für den 20. Juni 2025 erwartet.
Positive
  • Large IPO size of $220 million demonstrates strong initial capital base
  • Underwriter option for additional 3,300,000 units provides potential for increased capital raise
  • Backing by established financial institutions like Cantor Fitzgerald adds credibility
  • Listing on Nasdaq Global Market provides strong trading visibility and liquidity
Negative
  • No specific target business or sector identified for acquisition
  • Blank check company structure carries inherent uncertainty for investors
  • Risk of capital return if no acquisition is completed within specified timeframe
  • Potential dilution from warrant exercise

Insights

Pioneer Acquisition I Corp raises $220M in SPAC IPO at $10/unit, creating new blank check investment vehicle targeting unspecified acquisition targets.

Pioneer Acquisition I Corp has priced its $220 million initial public offering, with 22 million units at $10.00 per unit. This SPAC (Special Purpose Acquisition Company) structure includes one Class A ordinary share and one-half redeemable warrant per unit. The offering includes a 45-day option for underwriters to purchase up to an additional 3.3 million units to cover potential over-allotments, which could increase the total raise to $253 million if fully exercised.

The units will begin trading on Nasdaq under ticker "PACHU" on June 18, with the underlying securities later separating to trade as "PACH" (shares) and "PACHW" (warrants). This blank check company, incorporated in the Cayman Islands, will now begin seeking acquisition targets for a business combination.

Cantor Fitzgerald is serving as the sole book-runner, with Odeon Capital Group as co-manager. The SPAC market has seen periodic ebbs and flows since its 2020-2021 boom period, and this launch represents continued investor appetite for the SPAC structure despite generally mixed post-merger performance across the sector. With funds secured in trust, management now faces the critical task of identifying an attractive merger candidate within the typical 18-24 month SPAC lifecycle before potential redemption pressure.

BROOKLYN, N.Y., June 17, 2025 (GLOBE NEWSWIRE) -- Pioneer Acquisition I Corp (Nasdaq: PACHU) (the “Company”) announced today the pricing of its initial public offering of 22,000,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “PACHU” beginning June 18, 2025. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “PACH” and “PACHW”, respectively. The underwriter has been granted a 45-day option to purchase up to an additional 3,300,000 units offered by the Company to cover over-allotments, if any. The offering is expected to close on June 20, 2025, subject to customary closing conditions.

The Company is a blank check company incorporated as an exempted company under the laws of the Cayman Islands, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

Cantor Fitzgerald & Co. acted as the sole book-running manager of the offering. Odeon Capital Group LLC acted as co-manager of the offering.

Winston & Strawn LLP is serving as legal counsel to the Company. Ellenoff Grossman & Schole LLP is serving as legal counsel to Cantor Fitzgerald & Co.

A registration statement on Form S-1 (333-287656) relating to these securities has been filed with the Securities and Exchange Commission (“SEC”), and was declared effective on June 17, 2025. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: prospectus@cantor.com., or from the SEC website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov.

Contacts

Pioneer Acquisition I Corp
Mr. Mitchell Creem
Chief Executive Officer and Director
131 Concord Street
Brooklyn, NY 11201
Email: creem@pioneeracquisition.com


FAQ

What is the IPO price and size for Pioneer Acquisition I Corp (PACHU)?

Pioneer Acquisition I Corp priced its IPO at $10.00 per unit for 22,000,000 units, raising $220 million in total.

What do Pioneer Acquisition I Corp (PACHU) units consist of?

Each PACHU unit consists of one Class A ordinary share and one-half of one redeemable warrant.

When will Pioneer Acquisition I Corp (PACHU) begin trading?

PACHU units are expected to begin trading on the Nasdaq Global Market on June 18, 2025.

Who are the underwriters for the Pioneer Acquisition I Corp (PACHU) IPO?

Cantor Fitzgerald & Co. is the sole book-running manager, with Odeon Capital Group LLC acting as co-manager.

What is Pioneer Acquisition I Corp's business purpose?

It is a blank check company seeking to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.
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