Pioneer Merger Corp. (PACXU) Prices $350M IPO

ipo

Pioneer Merger Corp. (PACXU) Prices $350M IPO

Pioneer Merger Corp. announced the pricing of its $350 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “PACXU” Friday, January 8.

The new company plans to combine with a business that has a sustainable runway towards tackling a significant market opportunity. Pioneer is led by Chairman Jonathan Christodoro, Co-Presidents Rick Gerson and Oscar Salazar alongside CEO Ryan Khoury, COO Scott Carpenter and CFO Matthew Corey.

Total SPAC deal count for 2021 year-to-date is now 24 with $5.86 billion in gross proceeds raised. This offering is expected to close on Tuesday, January 12.


Citigroup Global Markets Inc. is acting as sole book-running manager for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Weil, Gotshall & Manges LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.

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