Monitor for initial business combination target announcement, which will drive unit price toward trust value plus potential premium. The Asia focus (ex-China/HK/Macau) narrows the target pool; any definitive agreement will trigger a re-rating.
Price Chart
Executive Summary
Peace Acquisition Corp. completed its IPO of 6,000,000 units at $10.00/unit, raising $60,000,000 in gross proceeds. The SPAC will focus on acquiring businesses in Asia (excluding Mainland China, Hong Kong, and Macau), with $60,300,000 placed in trust. This is a routine SPAC IPO with no immediate trading catalyst beyond the listing itself.
Key Financial Metrics
Key Facts
- 6,000,000 units sold at $10.00/unit, gross proceeds $60,000,000
- Each unit consists of one ordinary share, one right (1/5 share upon business combination), and one warrant ($11.50 strike)
- $60,300,000 placed in trust from IPO and simultaneous private placement
- Underwriters have a 45-day option for up to 900,000 additional units
- Focus on Asia-based businesses, excluding Mainland China, Hong Kong, and Macau
- Units trade on Nasdaq under PECEU; shares, rights, and warrants expected to list separately under PECE, PECER, and PECEW
Financial Impact
Gross proceeds of $60,000,000 from IPO; $60,300,000 placed in trust
Risk Factors
- No identified target yet — SPAC may fail to complete a business combination within required timeframe
- Warrant dilution risk upon exercise ($11.50 strike) if shares trade above that level post-combination
- Asia-focused mandate may limit deal pipeline and increase competition for quality targets
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3301428 |
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 21w 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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