Baystar linked to Peace Acquisition (PECE) forfeits 201K IPO shares

Rhea-AI Filing Summary

Peace Acquisition Corp. reported an insider adjustment related to its initial public offering. Baystar Holding Group Limited, an entity associated with CEO and director Zheng Fangping, forfeited 201,000 Ordinary Shares back to the company at no price after the IPO underwriters terminated their over-allotment option without exercising it.

Following this disposition to the issuer, Baystar Holding Group Limited indirectly holds 1,542,500 Ordinary Shares, including 202,500 shares included within units. This reflects a technical share reduction tied to the IPO structure rather than an open-market sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Baystar Holding Group Ltd, Zheng Fangping

Role null | CEO

Type	Security	Shares	Price	Value
Disposition	Ordinary Shares	201,000	$0.00	--

Holdings After Transaction: Ordinary Shares — 1,542,500 shares (Indirect, By Baystar Holding Group Limited)

Footnotes (1)

1. Represents shares forfeited by the reporting person as a result of the underwriters of the Issuer's initial public offering (the "IPO") terminating the over-allotment option of the IPO without exercising any portion thereof. Includes 202,500 shares included within units held by Baystar Holding Group Limited. Fangping Zheng is the sole director and shareholder of Baystar Holding Group Limited.

Key Figures

Shares forfeited to issuer: 201,000 shares Shares held after transaction: 1,542,500 shares Shares within units: 202,500 shares

3 metrics

Shares forfeited to issuer 201,000 shares Disposition to issuer at $0.00 per share

Shares held after transaction 1,542,500 shares Indirect holdings by Baystar Holding Group Limited

Shares within units 202,500 shares Included within units held by Baystar Holding Group Limited

Key Terms

Disposition to issuer, over-allotment option, initial public offering, ten percent owner

4 terms

Disposition to issuer financial

"This was recorded as a disposition to the issuer and is linked"

over-allotment option financial

"the underwriters of the IPO terminated the over-allotment option"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

initial public offering financial

"as a result of the underwriters of the Issuer's initial public offering"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

ten percent owner financial

"reported as a ten percent owner"

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Baystar Holding Group Ltd

(Last) (First) (Middle)

C/O PEACE ACQUISITION CORP

205 W. 37TH STREET

(Street)

NEW YORK NEW YORK 10018

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Peace Acquisition Corp. [ PECE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	06/10/2026		D		201,000(1)	D	$0	1,542,500(2)	I	By Baystar Holding Group Limited(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Baystar Holding Group Ltd

(Last) (First) (Middle)

C/O PEACE ACQUISITION CORP

205 W. 37TH STREET

(Street)

NEW YORK NEW YORK 10018

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Zheng Fangping

(Last) (First) (Middle)

C/O PEACE ACQUISITION CORP

205 W. 37TH STREET

(Street)

NEW YORK NEW YORK 10018

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

Explanation of Responses:

1. Represents shares forfeited by the reporting person as a result of the underwriters of the Issuer's initial public offering (the "IPO") terminating the over-allotment option of the IPO without exercising any portion thereof.

2. Includes 202,500 shares included within units held by Baystar Holding Group Limited.

3. Fangping Zheng is the sole director and shareholder of Baystar Holding Group Limited.

	/s/ Fangping Zheng	06/15/2026
	/s/ Baystar Holding Group Limited by Fangping Zheng	06/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Peace Acquisition Corp. (PECE) disclose?

Peace Acquisition Corp. disclosed that Baystar Holding Group Limited forfeited 201,000 Ordinary Shares back to the issuer at no price. This was recorded as a disposition to the issuer and is linked to the underwriters not exercising the IPO over-allotment option.

Who is Baystar Holding Group Limited in relation to Peace Acquisition Corp. (PECE)?

Baystar Holding Group Limited is a significant shareholder of Peace Acquisition Corp., reported as a ten percent owner. Footnotes state that CEO and director Zheng Fangping is the sole director and shareholder of Baystar, so holdings are reported as indirect ownership through this entity.

Why were 201,000 Peace Acquisition Corp. (PECE) shares forfeited?

The 201,000 Ordinary Shares were forfeited because the underwriters of Peace Acquisition Corp.’s IPO terminated their over-allotment option without exercising any portion. As a result, these founder-related shares were surrendered to the issuer rather than sold on the open market.

How many Peace Acquisition Corp. (PECE) shares does Baystar hold after the transaction?

After the forfeiture, Baystar Holding Group Limited indirectly holds 1,542,500 Ordinary Shares of Peace Acquisition Corp. This total includes 202,500 shares that are contained within units, as noted in the filing footnotes describing the composition of Baystar’s position.

Was the Peace Acquisition Corp. (PECE) insider transaction a market sale?

No, the transaction was not a market sale. It was a disposition to the issuer recorded at a price of $0.00 per share. The shares were forfeited back to Peace Acquisition Corp. due to the IPO over-allotment option being terminated unexercised by the underwriters.