Peace Acquisition Corp Prices $60M IPO with $11.50 Warrants and 900K Over-Allotment
Peace Acquisition Corp priced 6,000,000 units at $10 each, raising $60 million and will begin trading May 22, 2026. Each unit comprises one ordinary share, one right to 0.2 share upon a business combination, and one warrant exercisable at $11.50, with a 900,000-unit over-allotment option.
1. IPO Pricing and Listing
Peace Acquisition Corp priced 6,000,000 units at $10.00 per unit, raising $60 million. The units will begin trading on the Nasdaq Capital Market on May 22, 2026 under the ticker PECEU.
2. Unit Composition Details
Each unit consists of one ordinary share, one right entitling its holder to receive one-fifth of an ordinary share upon completion of a business combination, and one warrant exercisable at $11.50 per share, subject to adjustment. Once separated, shares, rights and warrants will trade under symbols PECE, PECER and PECEW respectively.
3. SPAC Structure and Combination Focus
The company is a Cayman-exempt blank check entity formed to pursue a merger, share exchange, asset acquisition, recapitalization or similar business combination. It will focus on targets throughout Asia, excluding any entities based or operating primarily in Mainland China, Hong Kong or Macau.
4. Underwriting and Over-Allotment
EarlyBirdCapital, Inc. is the book-running manager for the offering and has been granted a 45-day option to purchase up to 900,000 additional units at the IPO price to cover potential over-allotments.