Peace Acquisition Corp. Closes $60 Million Initial Public Offering
Peace Acquisition Corp. announced the closing of its initial public offering, raising $60 million. The special purpose acquisition company intends to focus on businesses in Asia, excluding mainland China, Hong Kong, and Macau.
Peace Acquisition Corp. announced on May 26, 2026, the completion of its initial public offering of 6,000,000 units at $10.00 per unit, generating gross proceeds of $60 million. The company is a special purpose acquisition company (SPAC) formed to acquire businesses.
The offering's units are listed on the Nasdaq Capital Market under the ticker symbol PECEU. Each unit comprises one ordinary share, one right to receive one-fifth of an ordinary share upon a business combination, and one warrant to purchase an ordinary share at $11.50. The individual components are expected to trade as PECE, PECER, and PECEW.
Peace Acquisition Corp. is a Cayman Islands-domiciled entity focused on identifying and acquiring businesses primarily in Asia. However, the company has stated it will not pursue initial business combinations with entities based in or operating from mainland China, Hong Kong, or Macau.
Proceeds from the offering and a concurrent private placement, totaling $60.3 million, have been placed in trust. EarlyBirdCapital, Inc. served as the book-running manager for the offering. The underwriters have a 45-day option to purchase up to an additional 900,000 units to cover any overallotments.