Pioneer Acquisition I Corp Prices $220M IPO

Deal News | Jun 18, 2025 | EIN

Pioneer Acquisition I Corp Prices $220M IPO

Pioneer Acquisition I Corp, a blank check company, announced the pricing of its initial public offering at $10.00 per unit, with a total expected raise of $220 million. The units will be listed on Nasdaq under the ticker PACHU, with each unit comprising one Class A ordinary share and one-half of one redeemable warrant. The IPO includes a 45-day over-allotment option for underwriters to purchase an additional 3.3 million units. The offering is set to close on June 20, 2025. Cantor Fitzgerald & Co. is the sole book-running manager with Odeon Capital Group LLC as co-manager. Legal counsels for the IPO include Winston & Strawn LLP for Pioneer Acquisition I Corp and Ellenoff Grossman & Schole LLP for Cantor Fitzgerald. The IPO will be conducted under Form S-1, effective as of June 17, 2025.

Sectors

  • Financial Services
  • Legal Services

Geography

  • United States – The IPO and financial activities are taking place in the United States, with Cantor Fitzgerald & Co. and Odeon Capital Group LLC, both US-based companies, managing the process.
  • Cayman Islands – The company, Pioneer Acquisition I Corp, is incorporated as an exempted company under the laws of the Cayman Islands.

Industry

  • Financial Services – The article is focused on the initial public offering of a financial services company, specifically a Special Purpose Acquisition Company (SPAC).
  • Legal Services – Legal services are involved in the IPO process, with Winston & Strawn LLP and Ellenoff Grossman & Schole LLP providing legal counsel.

Financials

  • $220,000,000 – The total expected proceeds from the initial public offering.
  • 22,000,000 units at $10.00 per unit – Details of the units offered in the IPO.
  • 3,300,000 units – Underwriter's option to purchase additional units to cover over-allotments.

Participants

NameRoleTypeDescription
Pioneer Acquisition I CorpTarget CompanyCompanyA blank check company targeting acquisition opportunities.
Cantor Fitzgerald & Co.Book-running ManagerCompanySole book-running manager for the Pioneer Acquisition I Corp IPO.
Odeon Capital Group LLCCo-managerCompanyActed as co-manager of the IPO for Pioneer Acquisition I Corp.
Winston & Strawn LLPLegal Advisor to the CompanyCompanyProvided legal advice to Pioneer Acquisition I Corp for the IPO.
Ellenoff Grossman & Schole LLPLegal Advisor to the UnderwriterCompanyProvided legal advice to Cantor Fitzgerald & Co. for the IPO.