Peace Acquisition Corp Announces Pricing of $60,000,000 Initial Public Offering
Rhea-AI Summary
Peace Acquisition Corp (Nasdaq: PECEU) priced its $60 million IPO of 6,000,000 units at $10.00 per unit. Trading on the Nasdaq Capital Market begins May 22, 2026.
Each unit includes one ordinary share, one right for one fifth share, and one warrant at $11.50, plus a 45-day over-allotment option of 900,000 units.
AI-generated analysis. Not financial advice.
Positive
- IPO of 6,000,000 units at $10.00, totaling $60,000,000
- Listing on Nasdaq Capital Market beginning May 22, 2026
- Units include rights and warrants, adding potential future equity
- 45-day underwriter option for up to 900,000 additional units
- Defined Asia-focused business combination strategy excluding Mainland China, Hong Kong and Macau
Negative
- None.
NEW YORK, NEW YORK, May 21, 2026 (GLOBE NEWSWIRE) -- Peace Acquisition Corp (the “Company”) announced today that it priced its initial public offering of 6,000,000 units at
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.
EarlyBirdCapital, Inc. is acting 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, 8th Floor, 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 offering discussed above will be completed on the terms described, or at all, or 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 preliminary 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
