Paloma Acquisition Corp I Announces Pricing of $150 Million Initial Public Offering

Rhea-AI Summary

Paloma Acquisition Corp I (NASDAQ:PALOU) priced an initial public offering of 15,000,000 units at $10.00 per unit for gross proceeds of $150,000,000. Units begin trading on the Nasdaq Global Market under PALOU on February 19, 2026, and the offering is expected to close February 20, 2026.

Each unit comprises one Class A ordinary share and one-half of a redeemable warrant; whole warrants exercise at $11.50. The company targets acquisitions in the minerals sector focused on U.S. gold and silver. Jefferies LLC is sole book-running manager; underwriters have a 45-day option to buy 2,250,000 additional units.

Positive

• $150 million IPO proceeds from 15,000,000 units
• Targeted focus on U.S. gold and silver mineral opportunities
• Listing on Nasdaq Global Market under PALOU starting Feb 19, 2026
• Underwritten by Jefferies LLC with 45-day overallotment option

Negative

• Blank-check structure: no identified acquisition target at IPO
• Warrants exercisable at $11.50 may cause dilution upon exercise
• Underwriter overallotment up to 2,250,000 units (15% increase) could dilute holders

New York, New York--(Newsfile Corp. - February 18, 2026) - Paloma Acquisition Corp I (the "Company"), a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on the Nasdaq Global Market under the ticker symbol "PALOU" beginning February 19, 2026. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant of the Company. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and warrants will be listed on the Nasdaq Global Market under the symbols "PALO" and "PALOW," respectively. The offering is expected to close on February 20, 2026, subject to customary closing conditions.

While the Company may pursue an initial business combination opportunity in any business, industry or geographic location, it intends to capitalize on the ability of its management team to identify, acquire and operate a business or businesses, focusing on opportunities and companies in the minerals sector with a focus on gold and silver in the United States.

Jefferies LLC is acting as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to 2,250,000 additional units at the initial public offering price to cover over-allotments, if any.

The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone: 877-821-7388 or by email: Prospectus_Department@Jefferies.com.

A registration statement relating to the securities became effective on February 18, 2026. This press release shall not constitute an offer to sell or the 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 contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. 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 Company's registration statement and preliminary prospectus for the Company's offering filed with the U.S. Securities and Exchange Commission (the "SEC"). Copies of these documents are available on the SEC's website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact
Paloma Acquisition Corp I
Anna Nahajski-Staples
anna@palomainvestments.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284349

FAQ

What did Paloma Acquisition Corp I (PALOU) price its IPO at and when does trading start?

Paloma priced 15,000,000 units at $10.00 each, totaling $150 million. According to the company, units begin trading on Nasdaq under PALOU on February 19, 2026, with the offering expected to close on February 20, 2026.

What does each Paloma (PALOU) unit include and how do the warrants work?

Each unit contains one Class A share and one-half of a warrant. According to the company, each whole warrant allows purchase of one Class A share at $11.50, subject to customary adjustments if exercised.

What sector and geography will Paloma Acquisition Corp I (PALOU) target for its business combination?

Paloma intends to focus on the minerals sector, emphasizing gold and silver opportunities in the United States. According to the company, management will seek to identify, acquire, and operate businesses across industries and locations, with a minerals focus.

Who is managing the Paloma (PALOU) offering and is there an overallotment option?

Jefferies LLC is acting as sole book-running manager for the offering. According to the company, underwriters have a 45-day option to purchase up to 2,250,000 additional units to cover any over-allotments.

Will Paloma Acquisition Corp I (PALOU) shares and warrants trade separately and under what symbols?

Once separated, the company expects Class A shares and warrants to trade separately. According to the company, Class A shares would trade as PALO and warrants as PALOW on the Nasdaq Global Market.