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AI brief of an SEC Form 8-K · Peace Acquisition Corp. (PECE)

Peace Acquisition Corp. closes $60 million IPO of 6 million units on May 26, 2026

Neutral Impact 3 of 5 financing Written later

Peace Acquisition Corp., a Cayman Islands blank-check company, completed its initial public offering of 6,000,000 units at $10.00 per unit on May 26, 2026, for gross proceeds of $60,000,000. A simultaneous private placement of 262,500 units raised $2,625,000 from the sponsor Baystar Holding Group Limited and EarlyBirdCapital, and the auditor's report on the company's balance sheet includes a going concern warning. The company has no operations and must complete a business combination within 15 months or return trust funds to public shareholders.

Key points

  • IPO of 6,000,000 units at $10.00 per unit, for gross proceeds of $60,000,000; each unit includes one ordinary share, one right to receive one-fifth of a share, and one warrant exercisable at $11.50
  • Private placement of 262,500 units at $10.00 per unit, for $2,625,000, bought by Baystar Holding Group Limited and EarlyBirdCapital, Inc.
  • Cash held in trust of $60,300,000; ordinary shares subject to redemption carried at $10.05 per share
  • UHY LLP's audit report includes substantial doubt about the company's ability to continue as a going concern; the company held $547,815 in cash as of May 26, 2026

The filing

CompanyPeace Acquisition Corp. (PECE)
Form8-K, current report
Filed with the SECJun 1, 2026, 5:16 PM ET
Accession number0001493152-26-026668

Items reported: 3.02 Unregistered Equity Sale8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 01, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.