Appleby are pleased to have acted as Cayman Islands counsel for Pioneer Acquisition I Corp. (NASDAQ: PACHU) (the Company), in its initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $253,000,000.
The units began trading on the Nasdaq Global Market (NASDAQ) on June 18, 2025, under the ticker symbol “PACHU”. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “PACH” and “PACHW”, respectively.
The Appleby team was led by Partner Simon Raftopoulos and Counsel Alexandra Low.