Standard SPAC IPO filing — no trading catalyst. Monitor for business combination target announcement and any shareholder redemption events. The going-concern qualification is typical for SPACs but underscores the 15-month deadline pressure.
Price Chart
Executive Summary
Peace Acquisition Corp filed an 8-K reporting the consummation of its $60M IPO and simultaneous $2.625M private placement on May 26, 2026. The filing includes an audited balance sheet with a going-concern qualification, noting the SPAC has no revenue and insufficient working capital to fund operations for one year without completing a business combination.
Key Financial Metrics
Key Facts
- IPO of 6,000,000 units at $10.00/unit closed on May 26, 2026, generating $60M gross proceeds
- Simultaneous private placement of 262,500 units at $10.00/unit to sponsors and underwriter, raising $2.625M
- $60.3M placed in trust account; $547,815 cash outside trust for operations
- Auditor UHY LLP issued a going-concern qualification — cash and working capital insufficient for 12 months
- Company has 15 months from IPO closing (to August 2027) to complete a business combination or liquidate
- Units trade on Nasdaq under PECEU; underlying shares, rights, and warrants expected to list separately as PECE, PECER, PECEW
Financial Impact
IPO raised $60M gross; $60.3M in trust; $547,815 operating cash; working capital $521,765
Risk Factors
- Going-concern qualification reflects risk of failing to complete a business combination within 15 months
- Limited operating cash ($547,815) may constrain deal sourcing and due diligence
- 45-day underwriter over-allotment option (up to 900,000 additional units) could add dilution if exercised
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-026668 |
| Exhibit: ex99-2.htm | 0001493152-26-026668 |
| Document: form8-k.htm | 0001493152-26-026668 |
| Document: 0001493152-26-026668-index-headers.html | 0001493152-26-026668 |
| Document: 0001493152-26-026668-index.html | 0001493152-26-026668 |
| Document: 0001493152-26-026668.txt | 0001493152-26-026668 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 2, 2026 20w ago | 8-K | $10.12 $10.43 | ▲ +3.06% | ▲ +4.06% | $10.43 (+3.06%) |
Jun 2, 2026 20w ago | Press Release | $10.12 $10.43 | ▲ +3.06% | ▲ +4.06% | $10.43 (+3.06%) |
Jun 1, 2026 20w ago | 8-K | $10.07 $10.44 | ▲ +3.67% | ▲ +5.24% | $10.43 (+3.57%) |
May 26, 2026 21w ago | Press Release | $10.04 $10.45 | ▲ +4.08% | ▲ +5.98% | $10.43 (+3.88%) |
US Market Status
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