Pioneer Acquisition I Corp completes $253M IPO; 25.3M units at $10 each

Pioneer Acquisition I Corp

Consummated IPO of 25,300,000 units at $10.00/unit on June 20, 2025, including full exercise of over-allotment.
Gross proceeds from IPO total $253 million; private placement of 6.4M warrants adds $6.4M.
Net IPO and private placement proceeds of $253M deposited into trust account; total assets $254.6M.
Accumulated deficit of $10.8M; SPAC has no operations and must complete business combination within 24 months.
Transaction costs of $17.1M include $4.4M cash underwriting fee and $12.0M deferred underwriting fee.

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