KPET Ultra Paceline Corporation (KPET.U) Prices $200M IPO

KPET Ultra Paceline Corporation (NYSE:KPET.U) announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “KPET.U” on Tuesday, March 31, 2026.

The new SPAC intends to combine with a target company in the travel, industrials, media, or entertainment sectors.

KPET Ultra Paceline Corporation’s sponsor team is led by Chairman, Chief Executive Officer Karl Peterson and President, Chief Financial Officer Eduardo Tamraz. Kneeland Youngblood, Kathleen Philips and James McKee will serve as Directors on its Board.

Total SPAC deal count for 2026 year-to-date is now 62. This offering is expected to close on Wednesday, April 1, 2026.

Deutsche Bank Securities Inc. is acting as the sole book running manager for the offering. Vinson & Elkins LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust is acting as trustee.