Patriot Acquisition Corp. Reports Q1 2026 Results, Details Successful $175.8M IPO
PTACU is trading near its 52-week low of $9.93 (0.4% above the low).
Summary
Patriot Acquisition Corp. filed its Q1 2026 report, detailing its financial position prior to its successful $175.8 million IPO and subsequent capital raise, which significantly boosted its Trust Account for future acquisitions.
Key Events · Financing and Capital Events · PTACU
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Successful IPO Completion
The company consummated its Initial Public Offering on May 18, 2026, raising $160 million, followed by an additional $15 million from the partial exercise of the over-allotment option.
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Significant Capital in Trust
A total of $175.875 million from the IPO and private placement warrants was deposited into the Trust Account by May 21, 2026, providing substantial funds for a business combination.
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Pre-IPO Financials
As of March 31, 2026, prior to the IPO, the company reported no cash and a working capital deficit of $552,654, highlighting the transformational impact of the capital raise.
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Related Party Debt Repaid
A promissory note of $224,925 from the Sponsor was fully repaid on May 18, 2026, eliminating a related-party liability.
Analysis · PTACU · Real Estate & Construction
This 10-Q provides the first comprehensive financial report following Patriot Acquisition Corp.'s successful Initial Public Offering in May 2026. The company, a SPAC, transitioned from having no cash and a working capital deficit as of March 31, 2026, to holding $175.875 million in its Trust Account after the IPO and over-allotment exercise. This capital infusion is critical for the company to pursue its intended business combination.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.5% of the 1062 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.61%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PTACU was trading at $9.97 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $174.5M. The 52-week trading range was $9.93 to $10.03. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.