Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Paloma Acquisition Corp I (Paloma Acquisition) in connection to the closing of its initial public offering of 15,000,000 units at a price of $10.00 per unit on February 20, 2026. Total gross proceeds from the offering were $150 million before deducting underwriting discounts and commissions and other offering expenses payable by Paloma Acquisition.
The units began trading on The Nasdaq Global Market (Nasdaq) under the ticker symbol “PALOU” on February 19, 2026. Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable public warrant. Each whole warrant entitles the holder thereof 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 the Nasdaq under the symbols “PALO” and “PALOW,” respectively.
Appleby advised on all Cayman Islands legal aspects of the transaction, further strengthening its proven track record and consistently demonstrating deep expertise in IPOs and capital markets regulation.
The Appleby Capital Markets team was led by Counsel Alexandra Low, with Partner Simon Raftopoulos, Senior Associate Alejandra Gonzalez Saucedo, Paralegal Sophia Cunningham and other members of the corporate team.
Appleby continues to play a key role in major IPO and public-market matters worldwide.