Pioneer Acquisition I Corp Launches $220M IPO
Deal News | Jun 18, 2025 | EIN
Pioneer Acquisition I Corp has announced the pricing of its initial public offering (IPO) at $10 per unit, totaling 22 million units. Each unit includes one Class A ordinary share and one-half of a redeemable warrant. Listing on the Nasdaq Global Market under the symbol PACHU is slated for June 18, 2025. The underwriter has a 45-day option to purchase up to 3.3 million additional units to cover over-allotments. The offering will close on June 20, 2025. As a Cayman Islands-incorporated blank check company, Pioneer Acquisition I Corp intends to pursue potential mergers or acquisitions with other entities. Cantor Fitzgerald & Co. is managing the IPO, with Odeon Capital Group LLC as a co-manager. Legal counsel for the transaction is provided by Winston & Strawn LLP for the company and Ellenoff Grossman & Schole LLP for Cantor Fitzgerald & Co.
Sectors
- Financial Services
- Capital Markets
Geography
- Cayman Islands – Pioneer Acquisition I Corp is incorporated under the laws of the Cayman Islands.
- United States – The IPO is set to take place on the Nasdaq Global Market, which is based in the United States.
Industry
- Financial Services – The article discusses the IPO of a blank check or special purpose acquisition company (SPAC), which is a component of financial services.
- Capital Markets – The article involves an IPO, a significant event in capital markets, particularly pertaining to public equity offerings.
Financials
- $220 million – The total expected proceeds from the IPO by selling 22 million units at $10 each.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pioneer Acquisition I Corp | Company | Target | A blank check company incorporated in the Cayman Islands aiming to effect a business combination. |
| Cantor Fitzgerald & Co. | Underwriter | Corporate Finance | Sole book-running manager for the IPO, responsible for underwriting and managing the offering. |
| Odeon Capital Group LLC | Co-manager | Corporate Finance | Co-manager of the IPO, assisting in managing the offering. |
| Winston & Strawn LLP | Legal Advisor | Legal | Legal counsel to Pioneer Acquisition I Corp for the IPO. |
| Ellenoff Grossman & Schole LLP | Legal Advisor | Legal | Legal counsel to Cantor Fitzgerald & Co. for the IPO. |