Pioneer Merger announced that it closed its IPO of 40.25 million units at a price of $10 per unit, which includes the exercise in full by the underwriter of its option to purchase an additional 5.25 million units. The final raise will be closer to $350 million after deducting underwriting discounts and commissions, and other expenses.
Sponsored by an affiliate of Falcon Edge Capital and Patriot Global Management, the SPAC is led by Chairman Jonathan Christodoro.
The SPAC said it is targeting businesses poised for rapid growth. Read more.
