Patriot Acquisition Corp. completes $175.9M IPO and trust account funding

Patriot Acquisition Corp./CI

IPO of 16M units at $10/unit grossed $160M; over-allotment of 1.5M units added $15M.
Private placement of 5.2M warrants at $1 each to sponsor and KBW; additional 75K warrants sold.
Trust account holds $175.875M; public shares redeemable at $10.05 per share.
Company has 18 months to complete an initial business combination; no target selected yet.

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