Pioneer Acquisition I Corp

Pioneer Acquisition I Corp (PACH) is a blank-check company (SPAC) that raised $220M in its initial public offering on Jun 20, 2025, listing on Nasdaq. It agreed to combine with Green AI Cloud, Inc., announced on Oct 14, 2026, at a stated value of $300M. The deal has not closed yet. Cantor led the IPO. Winston & Strawn advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.

Green AI Cloud is a European cloud service provider offering Super Compute AI capacity for the largest AI models. It is the operating target in a proposed business combination with a special purpose acquisition company.

Status

Deal announced

Ticker

PACH

IPO date

Jun 20, 2025

IPO size

$220M

IPO exchange

Nasdaq

Target

Green AI Cloud, Inc.

Target sector

AI/Software

Announced

Oct 14, 2026

Stated deal value

$300M

IPO underwriters

Cantor

SPAC counsel (IPO)

Winston & Strawn and Appleby

Underwriters' counsel (IPO)

Ellenoff Grossman & Schole