| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Income | -$56K | — | — |
| Interest Expense | $100K | — | — |
| Net Income | -$56K | — | — |
| EPS (Basic) | -$0.03 | — | — |
| EPS (Diluted) | -$0.03 | — | — |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Current Assets | $24K | -3.9% | — |
| Total Assets | $244K | -0.2% | — |
| Current Liabilities | $266K | +26.6% | — |
| Total Liabilities | $266K | +26.6% | — |
| Stockholders' Equity | -$23K | -167.9% | — |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Cash Flow | -$83K | — | — |
| Financing Cash Flow | $83K | — | — |
Business Overview
Peace Acquisition Corp is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands on June 24, 2025, formed to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The Company completed its Initial Public Offering on May 26, 2026, raising gross proceeds of $60 million from the sale of 6 million units at $10.00 per unit, plus $2.625 million from concurrent private placements to sponsors. As of March 31, 2026, the Company had not commenced operations and all activity related to formation and IPO preparation.
Segment Performance
Not applicable. The Company is a pre-revenue SPAC with no business segments. For the three months ended March 31, 2026, the Company incurred $56,396 in formation and operating costs, resulting in a net loss of $56,387. Total assets were $243.5 million as of March 31, 2026 (largely consisting of $219.5 million in deferred offering costs), compared to $243.9 million at December 31, 2025.
Forward Guidance
The Company will have until August 26, 2027 (15 months from the May 26, 2026 IPO closing) to consummate a business combination, after which it must redeem 100% of public shares and liquidate if unsuccessful. "There is no assurance that the Company's plans to consummate a Business Combination will be successful within the Combination Period." The Company stated it "will not generate any operating revenues until after the completion of an initial Business Combination, at the earliest" and "will generate non-operating income in the form of interest income from the proceeds derived from the IPO."
Key Risk Factors
The Company faces substantial doubt regarding its ability to continue as a going concern, with only $1,025 in operating cash and a working capital deficit of $242,349 as of March 31, 2026. There is no assurance the Company will successfully complete a business combination within the 15-month combination period (by August 26, 2027), after which it must liquidate and return funds to public shareholders. The Company is exposed to geopolitical risks from ongoing Russia-Ukraine and Israel-Hamas conflicts, which could disrupt markets, create commodity and credit volatility, and impede the search for an initial business combination. As an early-stage emerging growth company with no operating revenue, the Company is subject to all risks associated with early-stage ventures and remains entirely dependent on sponsor support for formation costs.