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Pioneer Acquisition I Prices IPO of 22 Million Units
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Pioneer Acquisition I Prices IPO of 22 Million Units
Jun 18, 2025 1:21 AM

04:12 AM EDT, 06/18/2025 (MT Newswires) -- Pioneer Acquisition I Corp (PACHU), a blank check company, said late Tuesday that it priced an initial public offering of 22 million units at $10 per unit.

Starting Wednesday, the units will be listed on the Nasdaq Global Market and will trade under the "PACHU" ticker. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.

The shares and warrants will likely be listed on Nasdaq under the symbols "PACH" and "PACHW," respectively, after securities comprising the units begin separate trading.

The company has granted its underwriter a 45-day option to purchase up to an additional 3.3 million units to cover over-allotments if there are any for the offering, which is expected to close on Friday.

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