Pioneer Acquisition I Corp closes $253M IPO, including full over-allotment

Pioneer Acquisition I Corp

Closed IPO of 25.3M units at $10/unit, gross proceeds $253M, before underwriting discounts and expenses.
Each unit consists of one Class A ordinary share plus one-half redeemable warrant; warrants exercisable at $11.50.
Net proceeds of $253M deposited into trust account; funds may be released upon initial business combination or redemption.
Separately sold 4.2M sponsor private placement warrants for $4.2M and 2.2M underwriter warrants for $2.2M.
Company has 24 months from closing (June 20, 2025) to complete an initial business combination or liquidate.

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