Peace Acquisition Corp Announces Closing of $60,000,000 Initial Public Offering

Peace Acquisition Corp (Nasdaq:PECEU) closed its $60,000,000 initial public offering of 6,000,000 units at $10.00 per unit.

Rhea-AI Summary

Peace Acquisition Corp (Nasdaq:PECEU) closed its $60,000,000 initial public offering of 6,000,000 units at $10.00 per unit. Each unit includes one ordinary share, one right for one fifth of a share, and one warrant exercisable at $11.50.

$60,300,000 of IPO and private placement proceeds was placed in trust. The blank check company, a Cayman exempt entity, targets a business combination with companies in Asia, excluding Mainland China, Hong Kong and Macau. Underwriters have a 45-day option for 900,000 additional units.

Positive

• $60,000,000 gross proceeds from IPO of 6,000,000 units at $10.00
• $60,300,000 of IPO and private placement proceeds placed in trust
• Listing on Nasdaq Capital Market under ticker PECEU for units
• Additional 900,000-unit over-allotment option available for underwriters

Negative

• None.

Key Figures

IPO units: 6,000,000 units IPO price: $10.00 per unit Gross proceeds: $60,000,000 +5 more

IPO units

6,000,000 units

Initial public offering size

IPO price

$10.00 per unit

Initial public offering price

Gross proceeds

$60,000,000

IPO gross proceeds to the company

Trust account

$60,300,000

Proceeds placed in trust from IPO and private placement

Over-allotment option

900,000 units

Additional units underwriters may purchase within 45 days

Warrant exercise price

$11.50 per share

Exercise price of each warrant in the units

Right conversion ratio

1/5 of one share

Ordinary share per right upon business combination

Effective date

May 14, 2026

SEC effectiveness of registration statement

Key Terms

warrant, prospectus, registration statement, over-allotments

4 terms

warrant financial

"and one warrant entitling its holder to purchase one ordinary share for $11.50"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

prospectus regulatory

"The offering is being made only by means of a prospectus."

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

registration statement regulatory

"A registration statement relating to these securities was filed with the Securities"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

over-allotments financial

"option to purchase up to an additional 900,000 units ... to cover over-allotments, if any."

An over-allotment is a temporary extra batch of shares that the underwriters of a stock offering are allowed to sell beyond the original amount, with the right to buy those shares back later. Think of it as spare tickets sold to meet demand and then reclaimed if needed to keep the market orderly; it helps stabilize the stock price after an offering and can affect short-term supply and potential dilution, which matters to investors tracking price and ownership stakes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- Peace Acquisition Corp (the “Company”) announced today that it consummates its initial public offering of 6,000,000 units at $10.00 per unit. The offering resulted in gross proceeds to the Company of $60,000,000.

The Company’s units are listed on the Capital Market tier of The Nasdaq Stock Market (“Nasdaq”) and trade under the ticker symbol “PECEU.” Each unit consists of one ordinary share, one right entitling its holder to receive one fifth of one ordinary share upon the Company’s completion of an initial business combination and one warrant entitling its holder to purchase one ordinary share for $11.50 per share, subject to adjustment. Once the securities comprising the units begin separate trading, the ordinary shares, rights and warrants are expected to be listed on Nasdaq under the symbols “PECE,” “PECER” and “PECEW,” respectively.

The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus its search on businesses throughout Asia. However, the Company will not undertake an initial business combination with any entity based in or with its principal business operations in Mainland China, Hong Kong or Macau.

Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $60,300,000 was placed in trust.

EarlyBirdCapital, Inc. acted as the book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 900,000 units at the initial public offering price to cover over-allotments, if any. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from EarlyBirdCapital, Inc., 366 Madison Avenue, New York, New York 10017, Attention: Syndicate Department, or (212) 661-0200.

A registration statement relating to these securities was filed with the Securities and Exchange Commission (the “SEC”) and was declared effective on May 14, 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 an 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.” No assurance can be given that the net proceeds of the offering will be used as indicated in the offering prospectus. 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 final prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, 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:
Investor Relations: ir@peacespac.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Peace Acquisition Corp (Nasdaq:PECEU) announce on May 26, 2026?

Peace Acquisition Corp announced the closing of its $60,000,000 initial public offering of 6,000,000 units at $10.00 per unit. According to the company, the units trade on the Nasdaq Capital Market under the ticker symbol PECEU.

How are Peace Acquisition Corp (PECEU) IPO units structured for investors?

Each Peace Acquisition Corp unit includes one ordinary share, one right, and one warrant. According to the company, each right converts into one fifth of one ordinary share, while each warrant allows purchase of one ordinary share at $11.50, subject to adjustment.

How much of Peace Acquisition Corp (PECEU) IPO proceeds were placed in trust?

Peace Acquisition Corp placed $60,300,000 of IPO and simultaneous private placement proceeds into a trust account. According to the company, these funds support a future initial business combination with one or more target businesses throughout Asia, excluding Mainland China, Hong Kong and Macau.

On which Nasdaq symbols will Peace Acquisition Corp securities trade after unit separation?

Peace Acquisition Corp expects its ordinary shares, rights, and warrants to trade separately on Nasdaq after unit separation. According to the company, the symbols will be PECE for shares, PECER for rights, and PECEW for warrants, replacing the initial PECEU unit symbol.

What business combination strategy does Peace Acquisition Corp (PECEU) plan to pursue?

Peace Acquisition Corp is a blank check company formed to complete a merger or similar business combination. According to the company, it plans to focus on targets across Asia but will not combine with entities based in Mainland China, Hong Kong, or Macau.

What over-allotment option is available in the Peace Acquisition Corp (PECEU) IPO?

The underwriters hold a 45-day option to purchase up to 900,000 additional units at the $10.00 IPO price. According to the company, this over-allotment option can increase the total number of units sold if investor demand warrants additional allocation.