Paloma Acquisition Raises $150M with 15 Million Unit IPO on Nasdaq
Paloma Acquisition Corp I closed a 15,000,000-unit IPO priced at $10.00 per unit, raising $150 million gross on February 20, 2026. Units began trading under the PALOU ticker on Nasdaq on February 19, with each warrant exercisable for one Class A share at $11.50 upon separate listing.
1. IPO Closing and Proceeds
Paloma Acquisition Corp I completed its initial public offering of 15,000,000 units at $10.00 per unit on February 20, 2026, generating $150 million in gross proceeds before underwriting discounts, commissions and offering expenses. The company, formed to pursue mergers, share exchanges, asset acquisitions or similar combinations, will use net proceeds to fund its business combination strategy.
2. Trading Details and Securities Composition
Units began trading on the Nasdaq Global Market under the PALOU symbol on February 19, 2026. Each unit comprises one Class A ordinary share and one-half of a redeemable public warrant, with each whole warrant exercisable for one Class A share at $11.50; separate listings for Class A shares and warrants are expected under the tickers PALO and PALOW, respectively.
3. Management Commentary and Future Plans
Founder and CEO Anna Nahajski-Staples highlighted the team’s deep experience in precious metals and mergers and acquisitions to underpin a disciplined, efficient deal process. Jefferies acted as the sole book-running manager for the offering, supporting Paloma’s search for a value-creating business combination.