Paloma completed a $150.0M IPO plus $14.5M over-allotment, leaving $164.5M held in trust.
Key Highlights:
- Sold 15,000,000 units at $10.00 each in IPO, generating $150,000,000 gross proceeds.
- Underwriters exercised part of 45-day over-allotment; 1,450,000 additional units sold for $14,500,000.
- Concurrent private placement of 500,000 units raised $5,000,000; additional 29,000 private units added $290,000.
- Total cash held in U.S. trust account reached $164,500,000 as of Feb 25, 2026.
- Audited balance sheet as of Feb 20, 2026 included; transaction costs totaled $9,473,019.
Original SEC Filing:
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