Patriot Acquisition Corp. (PTACU) Prices Downsized $160M IPO
Patriot Acquisition Corp. (NASDAQ:PTACU) announced the pricing of its downsized $160 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PTACU” on Friday, May 15, 2026.
The new SPAC intends to combine with a financial services company with a particular focus on the specialty finance sector.
Patriot Acquisition Corp. is to be led by Chief Executive Officer and Chairman Jack Kopnisky and Chief Financial Officer and Vice Chairman Thomas Cestare. James Barresi, Robert Jones, Michael Taff, and Joseph V. Topper, Jr. will serve on its Board of Directors.
Total SPAC deal count for 2026 year-to-date is now 89. This offering is expected to close on Monday, May 18, 2026.
Keefe, Bruyette & Woods, A Stifel Company, is acting as the sole book-running manager of the offering. Squire Patton Boggs LLP is serving as Issuer’s Counsel with King & Spalding LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
