Peace Acquisition, a blank check company targeting businesses in Asia, filed on Tuesday with the SEC to raise up to $60 million in an initial public offering.
The company plans to raise $60 million by offering 6 million units at a price of $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share of common stock after the completion of an initial business combination.
The SPAC is led by CEO and Chairman Fangping Zheng, the General Manager of Guoxing Capital and Dingye (Shenzhen) Financial Services. He is joined by CFO Cathy Jiang, who previously served as the Managing Director of family office Alpha Square Group. The SPAC did not disclose a target industry, but plans to focus its search on businesses throughout Asia, and notes that its management team has a vast network in China.
The New York, NY-based company was founded in 2025 and plans to list on the Nasdaq under the symbol PECEU. EarlyBirdCapital is the sole bookrunner on the deal.
