Patriot Acquisition, a blank check company targeting financial services, fintech, and community banking, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The Radnor, PA-based company plans to raise $200 million by offering 20 million units at a price of $10. Each unit contains one share of common stock and one-half of one warrant exercisable at $11.50.
Patriot Acquisition is led by CEO and Chairman Jack Kopnisky, who is a Senior Partner at Patriot Financial Partners, and CFO Thomas Cestare, who is a partner at Partner at Patriot. The SPAC intends to target businesses in the financial services industry sector with a focus on pursuing targets in the specialty finance sector, particularly specialty lending companies with unique technology platforms who can generate loan volume digitally for commercial and consumer customers in an efficient manner, and fee-based fintech and payment companies. They will also consider investments in the community banking sector.
The Radnor, PA-based company was founded in 2025 and plans to list on the Nasdaq under the symbol PTACU. Patriot Acquisition filed confidentially on December 22, 2025. Keefe Bruyette Woods is the sole bookrunner on the deal.
