Wall Street’s SPAC IPO machine priced two more big blank check deals on Tuesday night, June 17, 2025, and raised a total of $395 million. Both SPACS were set to make their debuts today – Wednesday, June 18, 2025, on NASDAQ. Both SPACs were priced in line with the terms in their prospectuses:
– Pioneer Acquisition I Corp. (PACHU), a Brooklyn, N.Y.-based healthcare-focused SPAC, priced 22.0 million units at $10.00 each and raised $220.0 million in a deal that Cantor ran as the sole book-runner. Each unit consists of one share of stock and one-half of a redeemable warrant, according to the prospectus.
–Axiom Intelligence Acquisition Corp. I (AXINU), a London-based SPAC focused on companies in the European infrastructure space, priced 17.5 million units at $10.00 each and raised $175.0 million in a deal run by Cohen & Company Capital Markets and Seaport Global Securities. Each unit consists of one Class A ordinary share and one right to receive one-tenth (1/10th of a Class A ordinary share upon the consummation of an initial business combination, the prospectus said.
Pioneer Acquisition I Corp. (PACHU) gained just a penny from its SPAC IPO price to open at $10.01 today – at 10:01 a.m. EDT – on the NASDAQ.
Axiom Intelligence Acquisition Corp. I (AXINU) opened at $10.04 – up 4 cents from its SPAC IPO price – at 10:38 a.m. EDT today – Wednesday, June 18, 2025 – on the NASDAQ.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.