Peace Acquisition Corp filed a Form 10-Q with the SEC on November 12, 2026, covering the quarterly period ended September 30, 2026, its first full quarter following completion of its initial public offering.

Key Highlights

  • Trust Account balance: Cash and investments held in Trust Account totaled $61,057,467 as of September 30, 2026, compared to $0 at December 31, 2025, according to the filing.
  • IPO proceeds: The company reported the sale of 6,000,000 Units in its Initial Public Offering, raising $60,000,000, with an additional 262,500 Private Placement Units sold for $2,625,000.
  • Shares outstanding: As of November 10, 2026, the registrant had 8,437,500 ordinary shares, $0.0001 par value, outstanding.
  • Net income: The company reported net income of $349,387 for the three months ended September 30, 2026, compared to a net loss of $34,163 for the same period in 2025.
  • Redemption value: 6,000,000 ordinary shares are subject to possible redemption at $10.18 per share as of September 30, 2026.
  • Founder share forfeiture: 300,000 founder shares were forfeited during the period, reducing non-redeemable ordinary shares outstanding to 2,437,500.

Peace Acquisition Corp Reports First Post-IPO Quarter Results

Peace Acquisition Corp (NASDAQ:PECE), a Cayman Islands-incorporated blank check company based at 205 W 37th St, New York, NY 10018, disclosed its financial results for the three and nine months ended September 30, 2026 in a quarterly report filed November 12, 2026. According to the filing, total assets grew to $61,586,961 as of September 30, 2026, up from $243,930 at December 31, 2025, primarily reflecting the completion of its IPO and the deposit of proceeds into a Trust Account.

The filing states that the company sold 6,000,000 Units in its Initial Public Offering and 262,500 Private Placement Units, generating gross proceeds of $60,000,000 and $2,625,000, respectively. Underwriter's commission of $1,200,000 and other offering costs of $612,486 were charged against additional paid-in capital. The company also reported that 300,000 founder shares were forfeited during the quarter ended June 30, 2026. For the nine months ended September 30, 2026, the company reported total formation and operating costs of $381,205, offset by interest earned on cash and investments held in the Trust Account of $757,467, resulting in net income of $379,706 for that period.

The company's balance sheet as of September 30, 2026 shows total liabilities of $361,167, which includes a $100,000 promissory note to a related party. Total shareholders' equity stood at $168,327. The filing identifies the company as a shell company, a smaller reporting company, a non-accelerated filer, and an emerging growth company. Each redeemable warrant is exercisable to purchase one ordinary share at an exercise price of $11.50 per share, and each right entitles the holder to one-fifth of one ordinary share upon the completion of the company's initial business combination, according to the filing.

What Was Disclosed

Peace Acquisition Corp filed its 10-Q for the quarter ended September 30, 2026, reporting its first post-IPO balance sheet with $61,057,467 held in Trust, net income of $349,387 for the quarter, and 8,437,500 total ordinary shares outstanding as of November 10, 2026.