Pioneer Acquisition I, a blank check company targeting the healthcare sector, raised $220 million by offering 22 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
Pioneer Acquisition I is led by CEO and Director Mitchell Creem, who currently serves as a Principal at GreenRock Capital and President of The Bridgewater Healthcare Group. The SPAC plans to target the healthcare or healthcare-related industries, focusing on businesses with enterprise values between $160 million and $2 billion.
Pioneer Acquisition I plans to list on the Nasdaq under the symbol PACHU. Cantor Fitzgerald acted as sole bookrunner on the deal.
