other_material
confidence high
sentiment neutral
materiality 0.55
Patriot Acquisition Corp. prices $160M IPO of 16M units at $10/unit
Patriot Acquisition Corp./CI
- Gross proceeds $160M from 16M units at $10 each; each unit = 1 Class A share + 1/2 warrant.
- $160.8M (incl. $6.4M deferred underwriting discount) deposited in trust account.
- Private placement of 5.2M warrants at $1 each to sponsor and KBW (underwriter).
- Management focuses on financial industry (fintech, specialty finance, digital banking).
- Expected to list on Nasdaq under PTACU (units), PTAC (shares), PTACW (warrants); close May 18, 2026.
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