Peace Acquisition Corp. 8-K

What Happened

• Peace Acquisition Corp. announced in an 8-K that its Registration Statement was declared effective on May 14, 2026 and it consummated its initial public offering on May 26, 2026. The company sold 6,000,000 units at $10.00 per unit, generating $60,000,000 in gross proceeds.
• Simultaneously, the company completed a private placement of 262,500 units at $10.00 per unit (total $2,625,000) purchased by the sponsor, Baystar Holding Group Limited, and the IPO underwriter, EarlyBirdCapital, Inc. The private placement was issued pursuant to the exemption under Section 4(a)(2) of the Securities Act.

Key Details

• Units sold in the IPO: 6,000,000 units at $10.00 each — $60,000,000 gross proceeds.
• Private Placement: 262,500 units at $10.00 each — $2,625,000; purchasers agreed to customary transfer restrictions until the company’s initial business combination.
• Unit composition: each Unit = 1 ordinary share (par value $0.0001), 1 Right (entitles holder to 1/5 of a share upon a business combination), and 1 Warrant (each Warrant exercisable to buy 1 ordinary share at $11.50, subject to adjustment).
• The filing includes an audited balance sheet as of May 26, 2026 reflecting receipt of the IPO and private placement proceeds and a press release announcing the transactions.

Why It Matters

• The 8-K confirms the company has completed its IPO and related private placement, providing the capital base and investor structure needed to pursue an initial business combination.
• The private placement units are effectively a sponsor/underwriter investment and are subject to transfer restrictions until a business combination, which affects potential insider liquidity and alignment with public investors.
• Investors should note the size of the offering, the warrant exercise price ($11.50), and that audited financials reflecting the cash inflows are included in the filing for verification.