NORWALK, CT , July  08, 2026  (GLOBE NEWSWIRE) -- Mercator Acquisition Corp. (the &#34;Company&#34;), a blank check company whose business purpose is to effect a merger, amalgamation, share exchange, asset acquisition,

MRCOU

Mercator Acquisition Corp. Announces Pricing of $150 Million Initial Public Offering

Mercator Acquisition prices IPO at $10; MRCOU to commence trading on Nasdaq

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    <h3>Information</h3>
    <p>NORWALK, CT , July  08, 2026  (GLOBE NEWSWIRE) -- Mercator Acquisition Corp. (the &amp;#34;Company&amp;#34;), a blank check company whose business purpose is to effect a merger, amalgamation, share exchange, asset acquisition,</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Mercator Acquisition priced its IPO at $10 per unit, issuing 15 million units. Each unit includes one Class A share and half a warrant, with warrants exercisable at $11.50. The offering will list on Nasdaq as MRCOU tomorrow, with MRCO and MRCOW to trade after unit separation; market risk includes potential dilution and no guarantee of a deal.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Mercator priced 15 million units at $10 per unit; MRCOU to trade July 9.</li><li>Each unit includes one Class A share and half a redeemable warrant; warrants at $11.50.</li><li>Underwriters may purchase up to 2.25 million additional units; 45-day over-allotment option.</li><li>Focus on tech/software infra for financial services, real estate, asset management.</li><li>MRCOU led by Shawn Matthews; SPAC risks and future business-combination steps.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Mercator Acquisition Corp. (MRCOU)</strong>: SPAC priced IPO; will seek a merger or business combination; imminent Nasdaq listing.</li><li><strong>Mercator Acquisition Corp. Class A Shares (MRCO)</strong>: To trade separately following unit split; equity path tied to future deal.</li><li><strong>Mercator Acquisition Corp. Warrants (MRCOW)</strong>: Warrants exercisable at $11.50; value depends on subsequent share price and deal timing.</li><li><strong>Clear Street LLC (N/A)</strong>: Sole book-running manager; adds credibility but limited direct MRCOU price impact.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article reports the SPAC&#039;s IPO pricing and Nasdaq listing plan, a direct corporate-financial event with potential price and dilution implications for MRCOU and its warrants.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>IPO priced at $10 for 15M units; MRCOU starts trading July 9.</li><li>Warrants exercisable at $11.50; MRCO and MRCOW to list after unit split.</li><li>45-day over-allotment option for up to 2.25M units; potential dilution overhang.</li><li>SPAC structure implies no guaranteed business combination; valuation hinges on target announcements.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Offering: 15,000,000 units at $10 per unit.</li><li>Each unit: 1 Class A ordinary share + 1/2 warrant.</li><li>Whole warrant exercise price: $11.50 per share.</li><li>Nasdaq listing: MRCOU; separate MRCO and MRCOW to follow after unit split.</li><li>Trading start date: July 9, 2026.</li><li>Underwriters: Clear Street LLC; 45-day option for 2,250,000 additional units.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term MRCOU trades near $10; upside depends on a credible target and warrant value.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NORWALK, CT , July  08, 2026  (GLOBE NEWSWIRE) -- Mercator Acquisition Corp. (the "Company"), a blank check company whose business purpose is to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, announced today that it has priced its initial public offering of 15,000,000 units at $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The units will be listed on the Nasdaq Global Market ("Nasdaq") and will begin trading tomorrow, July 9, 2026, under the ticker symbol "MRCOU.&#34; Each whole warrant is exercisable to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq under the symbols "MRCO" and "MRCOW," respectively.</p>  <p align="justify">Clear Street is acting as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.</p>  <p align="justify">The Company intends to focus on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies. The Company is led by Shawn Matthews, Chairman and Chief Executive Officer; Steve Bischoff, Chief Financial Officer, and Shawn Matthews Jr., President.</p>  <p align="justify">The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from: Clear Street LLC, 4 World Trade Center, 150 Greenwich St., Floor 45, New York, NY 10007, or by e-mail at <a href="https://www.globenewswire.com/Tracker?data=iHF8D7AgvErxLl1up3xjKUJrlcHIjdre2seXbAB1Rx7kg5hsA9GJh4hEFxrZgiX431u5GkxYlqiyNMjwx0eBskdV3AsflWGA1FFs29U4C1U=" rel="nofollow" target="_blank">ECM@clearstreet.io</a>.</p>  <p align="justify">A registration statement relating to the securities was filed with, and declared effective by, the Securities and Exchange Commission ("SEC") on July 8, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>  <p align="justify"><b>FORWARD-LOOKING STATEMENTS</b></p>  <p align="justify">This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the "Risk Factors" section of the Company&#39;s registration statement filed with the SEC and the preliminary prospectus included therein. Copies of these documents are available on the SEC&#39;s website, <a href="https://www.globenewswire.com/Tracker?data=m3TaS1aJw6ve2MUjpph6oT5jMlEk7dDz3j5MaWumFY15w1NkOxKvXi2QZMDFiGjJIsQBpY5ZbPO_gFU6NpFW0A==" rel="nofollow" target="_blank">www.sec.gov</a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.</p>  <p align="justify"><b>About Mercator Acquisition Corp.</b></p>  <p align="justify">Mercator Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on technology and software infrastructure companies whose products and services target financial services, real estate and asset management companies.</p>  <p align="justify"><b>Media Contact:</b><br></br>Steve Bischoff<br></br><a href="https://www.globenewswire.com/Tracker?data=QnGh_hoZopgtLRp-ynUpzBv3AzCZHiyJR3uUHDvweWgEshIwTpYuJsP2SCTe6zHjuIgX_3d454oddWldFvmRySTGMEFLdwHqt68q5yViazerOYLw2s6rmwrFq0CWpPyq" rel="nofollow" target="_blank">sbischoff@hondiuscapital.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc1OTM1MyM3Njk3OTA1IzUwMDE2NTAxMQ=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MDViN2IxN2UtYzhiNC00YjBkLWE4ODYtZjYxYmJlNjFjZTg4LTUwMDE2NTAxMS0yMDI2LTA3LTA4LWVu/tiny/Mercator-Acquisition-Corp-.png" referrerpolicy="no-referrer-when-downgrade"></img>

Mercator Acquisition priced its IPO at $10 per unit, issuing 15 million units. Each unit includes one Class A share and half a warrant, with warrants exercisable at $11.50. The offering will list on Nasdaq as MRCOU tomorrow, with MRCO and MRCOW to trade after unit separation; market risk includes potential dilution and no guarantee of a deal.

Mercator Acquisition Corp. Announces Pricing of $150 Million Initial Public Offering

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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