Welcome to our dedicated page for Pioneer Merger news (Ticker: PACXU), a resource for investors and traders seeking the latest updates and insights on Pioneer Merger stock.
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Pioneer Merger Corp. successfully closed its initial public offering, raising $402.5 million by offering 40,250,000 units at $10.00 each. This includes an additional purchase of 5,250,000 units by the underwriter. Each unit consists of one Class A ordinary share and one-third of a redeemable warrant, allowing purchase of shares at $11.50 each. The units trade under symbol PACXU, with shares and warrants expected to list as PACX and PACXW respectively. The company's strong leadership team aims to create long-term value across technology and consumer sectors.
Pioneer Merger Corp. has announced the pricing of its initial public offering (IPO) of 35 million units at $10.00 each, set to trade under the ticker symbol PACXU starting January 8, 2021. Each unit comprises one Class A ordinary share and one-third of a redeemable warrant, with whole warrants priced at $11.50 per share. The IPO is managed by Citigroup Global Markets Inc. and is expected to close on January 12, 2021. The company, sponsored by Falcon Edge Capital and Patriot Global Management, intends to explore large-scale opportunities across various industries.
