other material
confidence high
sentiment neutral
materiality 0.50
KPET Ultra Paceline closes full over-allotment, adds $30M to trust
KPET Ultra Paceline Corp
- Underwriter exercised over-allotment in full; 3,000,000 additional units sold at $10.00 per unit.
- Gross proceeds from over-allotment total $30,000,000; trust account now holds $230,000,000.
- 750,000 founder shares previously subject to forfeiture are no longer subject to forfeiture.
- Over-allotment option liability written off; proceeds net of underwriting fees placed in trust.
- Pro forma unaudited balance sheet as of April 20, 2026 reflects the adjustments.