Patriot Acquisition Corp. reports partial over-allotment exercise; trust now $175.9M

Patriot Acquisition Corp./CI

On May 21, 2026, underwriter partially exercised over-allotment for 1.5M units at $10/unit, raising $15M gross.
Simultaneously, 75,000 additional Private Placement Warrants sold to KBW at $1 each, generating $75,000.
Total trust account now holds $175,875,000 from IPO proceeds, over-allotment, and private placements.
375,000 founder shares previously subject to forfeiture are no longer forfeitable due to the partial exercise.
Underwriters retain a 45-day option to purchase the remaining 900,000 over-allotment units.

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