17,250,000 units sold at $10.00 each for $172.5 million gross proceeds.
Full exercise of the underwriter's over-allotment option added 2,250,000 units.
Each unit contains one Class A ordinary share and one-half of one redeemable warrant; each whole warrant exercisable at $11.50.
$4.5 million raised via simultaneous private placement of 4,500,000 warrants at $1.00 each to the sponsor and underwriter.
$172.5 million placed in the trust account at Continental Stock Transfer & Trust, including $7.35 million deferred underwriting discount.
Company has 18 months from closing to complete a business combination or redeem public shares.
Pulse Impact
- Previous Pulse: 52
- New Pulse: 52
- Change: Unchanged
- Driver: 8-K did not change the live Pulse reading.
Mercator Acquisition Corp. Form 8-K (2026-08-07)
Not investment advice. Facts taken from the company’s Form 8-K.