Patriot Acquisition Corp.(NASDAQ) PTAC

Patriot Acquisition Corp. helps private firms go public. It provides the cash needed for these mergers. This gives investors access to new companies.

The Blank Check Mission

• Business Combination Services: Merging with or acquiring private companies to facilitate their public listing.
• Trust Account Management: Holding investor funds in money market funds while searching for a target.
• Target Identification: Researching and evaluating businesses to find a suitable acquisition partner.

Building the Foundation

• Incorporated in the Cayman Islands on Oct. 16, 2025.
• Consummated an initial public offering of 16,000,000 units on May 18, 2026.
• Raised $160,000,000 in gross proceeds through its initial public offering.
• Sold 1,500,000 additional units on May 21, 2026, through a partial over-allotment option.

How This Shell Works

Patriot Acquisition operates with a minimal staff of two full-time employees. The firm focuses its resources on performing due diligence on potential acquisition targets.

Key Financial Facts

• Net income was $103,277 for the six months ended June 30, 2026.
• Investments in the trust account totaled $176,603,239 as of June 30, 2026.
• Interest income from the trust account reached $728,239 for the six months ended June 30, 2026.
• Operating costs were $278,362 for the six months ended June 30, 2026.
• Cash held outside the trust account was $1,196,563 as of June 30, 2026.

Bottom Line

Patriot Acquisition serves as a capital-raising vehicle for a future business merger. Its success depends on its ability to find and close a deal with a private entity.