SPAC KPET Ultra Paceline prices 20M-unit IPO at $10, raises $200M gross

KPET Ultra Paceline Corp

IPO of 20M units at $10 each; units begin trading on NYSE March 31 under KPET.U.
Gross proceeds $200M deposited into trust; $11M deferred underwriting; 24-month deadline for business combination.
Private placement of 235,000 units at $10 each to Unit Holder Sponsor, generating $2.35M.
Appointed three independent directors: Kneeland Youngblood, Kathleen Philips, James McKee; serve on audit and comp committees.
Deutsche Bank sole bookrunner; 45-day over-allotment option for up to 3M additional units.

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Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

KPET Ultra Paceline Corp issued 235,000 units of unit to KPET Ultra Paceline Unit Holdings, LLC for $10.00 per Private Placement Unit.

Security: unit
Shares: 235,000 units
Purchaser: KPET Ultra Paceline Unit Holdings, LLC
Consideration: $10.00 per Private Placement Unit

Exact text from the filing

On April 1, 2026, simultaneously with the closing of the IPO and pursuant to the Purchase Agreement, the Company completed the private sale of 235,000 units (the “ Private Placement Units ”) at a purchase price of $10.00 per Private Placement Unit to Unit Holder Sponsor, generating gross proceeds to the Company of $2,350,000.

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Source: SEC EDGAR

accession 0001213900-26-039471

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