secwatch.observer — SEC 8-K summary
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Issuer:     Patriot Acquisition Corp./CI (PTAC)
CIK:        0002099095
Form:       8-K
Filed at:   2026-06-08T12:42:19+00:00
Accession:  0001213900-26-066058
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2099095/000121390026066058/0001213900-26-066058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2099095/000121390026066058/ea0292516-8k_patriot.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-066058

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