Welcome to our dedicated page for Perimeter Acquisition I news (Ticker: PMTRU), a resource for investors and traders seeking the latest updates and insights on Perimeter Acquisition I stock.
Perimeter Acquisition Corp. I (Nasdaq: PMTRU) is a special purpose acquisition company (SPAC) and public acquisition vehicle focused on defense, national security, and technology-related opportunities. This news page aggregates coverage related to the company’s capital markets activity, business combination efforts, and other material corporate announcements.
News for Perimeter Acquisition Corp. I commonly includes information about its initial public offering of units on the Nasdaq Global Market, the structure of those units, and subsequent developments tied to its SPAC lifecycle. Articles may discuss the pricing and closing of its upsized initial public offering, the exercise of over-allotment options by the underwriter, and details of any concurrent private placements of units.
Because the company is a SPAC targeting defense and national security sectors, future news may center on the identification, evaluation, and negotiation of a potential business combination with one or more target companies in these areas. Updates may also cover regulatory filings connected to its offering, trust account arrangements, and other disclosures that affect shareholders and warrant holders.
Investors and observers can use this page to follow how Perimeter Acquisition Corp. I progresses from its initial public offering toward any announced transaction, as well as to review official press releases and market updates. For those tracking SPAC activity in defense, national security, and technology convergence, this news feed offers a focused view of developments related to the PMTRU units and the company’s stated acquisition strategy.
Perimeter Acquisition Corp has successfully completed its upsized initial public offering (IPO), raising $241.5 million through the sale of 24,150,000 units at $10.00 per unit. The units, trading under symbol PMTRU on Nasdaq, include one ordinary share and one-half redeemable warrant, with each whole warrant allowing purchase of one share at $11.50.
Additionally, the company closed a concurrent private placement of 638,000 units at $10.00 per unit, generating $6.38 million. The SPAC, managed by Jordan Blashek, Joe Valdman, and Todd Lemkin, aims to partner with companies in America's defense, national security, and re-industrialization sectors. Citigroup Global Markets served as the sole book-running manager, and $241.5 million of the proceeds has been placed in trust.
Perimeter Acquisition Corp. I (PMTRU) has announced the pricing of its upsized IPO of 21,000,000 units at $10.00 per unit, totaling $210 million. Each unit comprises one ordinary share and one-half of one redeemable warrant. The units will begin trading on the Nasdaq Global Market under "PMTRU" on May 13, 2025.
Once separate trading begins, the ordinary shares and warrants will trade under "PMTR" and "PMTRW" respectively. Citigroup Global Markets is the sole book-running manager and has a 45-day option to purchase up to 3,150,000 additional units for over-allotments. The offering is expected to close on May 14, 2025.
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