Pioneer acquisition i corp announces closing of $253,000,000 initial public offering

Brooklyn, n.y., june 20, 2025 (globe newswire) -- pioneer acquisition i corp (nasdaq: pachu) (the “company”) today announced that it closed its initial public offering of 25,300,000 units at $10.00 per unit, including the issuance of 3,300,000 units as result of the underwriters' exercise of its over-allotment option in full. the gross proceeds from the offering were $253 million before deducting underwriting discounts and estimated offering expenses. the units began trading on the nasdaq global market (“nasdaq”) under the ticker symbol “pachu” on june 18, 2025.
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