NEW YORK, NEW YORK, May  21, 2026  (GLOBE NEWSWIRE) -- Peace Acquisition Corp (the &#34;Company&#34;) announced today that it priced its initial public offering of 6,000,000 units at $10.00 per unit. The Company&#39;s units will be

PECE

Peace Acquisition Corp Announces Pricing of $60,000,000 Initial Public Offering

Peace Acquisition Corp IPO Priced Ahead of Nasdaq Listing

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, NEW YORK, May  21, 2026  (GLOBE NEWSWIRE) -- Peace Acquisition Corp (the &amp;#34;Company&amp;#34;) announced today that it priced its initial public offering of 6,000,000 units at $10.00 per unit. The Company&amp;#39;s units will be</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Peace Acquisition Corp has priced its IPO at $10 per unit, set to trade under PECEU on Nasdaq from May 22, 2026. The company will target business combinations mainly in Asia, excluding Mainland China, potentially providing strategic opportunities for growth and increasing investor interest.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Peace Acquisition Corp priced IPO at $10 per unit.</li><li>Units will begin trading on Nasdaq under PECEU from May 22, 2026.</li><li>Company seeks business combinations primarily in Asia, excluding Mainland China.</li><li>Underwriters have a 45-day option for 900,000 additional units.</li><li>Forward-looking statements indicate risk in successful offering completion.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Peace Acquisition Corp (PECE)</strong>: Targets business combinations in Asia, enhancing growth prospects.</li><li><strong>EarlyBirdCapital, Inc. (N/A)</strong>: Acting as book-running manager for the IPO, ensuring strong market execution.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under Corporate Developments as it relates to PECE&#039;s public offering and strategic direction. The successful IPO can significantly impact shareholder value and market positioning.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>PECE is scheduled to debut on Nasdaq, likely attracting significant investor attention.</li><li>The company’s strategic focus on Asia could drive future M&amp;A interest.</li><li>The 45-day over-allotment option provides potential for increased liquidity and trading volume.</li><li>Forward-looking statements signal underlying risks that might affect investor sentiment.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>IPO priced at $10 per unit for 6 million units.</li><li>Trading begins on May 22, 2026, under symbol PECEU.</li><li>Excludes business combinations with entities in Mainland China, Hong Kong, or Macau.</li><li>Underwriters can purchase up to 900,000 additional units.</li><li>Effective registration statement filed with the SEC on May 14, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy PECE in anticipation of strong investor demand and potential acquisition activity.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NEW YORK, NEW YORK, May  21, 2026  (GLOBE NEWSWIRE) -- Peace Acquisition Corp (the "Company") announced today that it priced its initial public offering of 6,000,000 units at $10.00 per unit. The Company's units will be listed on the Nasdaq Capital Market ("Nasdaq") and will begin trading on May 22, 2026, under the ticker symbol "PECEU." Each unit consists of one ordinary share, one right entitling its holder to receive one fifth of one ordinary share upon the Company's completion of an initial business combination and one warrant entitling its holder to purchase one Ordinary Share for $11.50 per share, subject to adjustment. Once the securities comprising the units begin separate trading, the ordinary shares, rights and warrants are expected to be listed on Nasdaq under the symbols "PECE," "PECER" and "PECEW," respectively.</p>  <p align="justify">The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus its search on businesses throughout Asia. However, the Company will not undertake an initial business combination with any entity based in or with its principal business operations in Mainland China, Hong Kong or Macau.</p>  <p align="justify">EarlyBirdCapital, Inc. is acting as the book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 900,000 units at the initial public offering price to cover over-allotments, if any. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from EarlyBirdCapital, Inc., 366 Madison Avenue, 8<sup>th</sup> Floor, New York, New York 10017, Attention: Syndicate Department, or (212) 661-0200.</p>  <p align="justify">A registration statement relating to these securities was filed with the Securities and Exchange Commission (the "SEC") and was declared effective on May 14, 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 an 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." No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated in the offering prospectus. 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's registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC's website, <a href="https://www.globenewswire.com/Tracker?data=f444XtHo2WEni38nsQyZSIPxW9cQg6VjzupdiMfmAqWYPyHPFTobmiL1z0zMdQp5eYqR3I7As0gzN202OSUZ8A==" rel="nofollow" target="_blank"><u>www.sec.gov</u></a><u>.</u> 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>Contact:</p>  <p>Investor Relations: <a href="https://www.globenewswire.com/Tracker?data=fXm7SmZc8iihQrgukq_3MFbaXOUogGEqQRorDo1l5zRadggZtAGO6CrU6sRbU3DBDQTkgaYMiPnWoXxL37YGu2F19-c8dXAkGolG-sKoXik=" rel="nofollow" target="_blank"><u>ir@peacespac.com</u></a> </p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcyNTA2OSM3NjE2ODc0IzUwMDE2Mjk5MA=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YTcwOTg0YjctZDMyOC00ODMwLTllZTYtMzMzMmNmZTdmZjYzLTUwMDE2Mjk5MC0yMDI2LTA1LTIxLWVu/tiny/Peace-Acquisition-Corp-.png" referrerpolicy="no-referrer-when-downgrade"></img>

Peace Acquisition Corp has priced its IPO at $10 per unit, set to trade under PECEU on Nasdaq from May 22, 2026. The company will target business combinations mainly in Asia, excluding Mainland China, potentially providing strategic opportunities for growth and increasing investor interest.

Peace Acquisition Corp Announces Pricing of $60,000,000 Initial Public Offering

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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