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Patriot Acquisition Corp./CIPTAC

Class A PTACUnits PTACUWarrants PTACWCIK 0002099095

Cash in trust

$176.6M

$176,603,239

Trust per share

Redemption value

IPO

May 2026

Combination deadline

Nov 18, 2027

440 days remaining

Filings on record

28

Latest Aug 14, 2026

Overview

Patriot Acquisition Corp./CI is a special purpose acquisition company incorporated and registered with the SEC under CIK 0002099095. It completed its initial public offering in May 2026 and listing on Nasdaq. Class A shares trade under the ticker PTAC, units under PTACU, warrants under PTACW on Nasdaq. The vehicle is sponsored by Patriot through Patriot Acquisition Sponsor LLC. The mandate targets energy transition. IPO closed, trust funded, no definitive agreement announced.

we intend to acquire.
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what Patriot Acquisition Corp./CI has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Time on the clock

    440 days to the Nov 18, 2027 deadline. The vehicle is early in its search window, and the deadline is not yet the binding constraint.

  • Sponsor record

    Patriot has launched 2 vehicles, none of which has resolved yet, so there is no completion record to read.

  • Underwriting

    Stifel led the offering. It has been named on 25 SPAC IPOs, book-running 25 of them, and 5.3% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

Scores

Recomputed 4m ago

Three readings of Patriot Acquisition Corp./CI, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built

FOMO

Moderate

How much attention is this vehicle attracting right now?

35/100

  • Filing activity69

    4 in 30 days

  • News coverage0

    0 stories in 30 days

Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.

Potential

Moderate

How likely is this vehicle to complete a combination, and at what scale?

30/100

  • Lead bank record17

    5.3%

  • Bank franchise18

    25 SPAC mandates

  • Trust scale43

    $177M

  • Stage40

    searching

Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.

These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.

SEC filing history

Free tier: filings older than 24 hours
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001578621-26-000143

    Aug 14, 2026

    21d ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-089121

    Aug 13, 2026

    21d ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001104659-26-095340

    Aug 13, 2026

    22d ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000919574-26-004970

    Aug 12, 2026

    23d ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-075294

    Jul 6, 2026

    2mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-073116

    Jun 29, 2026

    2mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001213900-26-067873

    Jun 11, 2026

    2mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-066058

    Jun 8, 2026

    2mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-060594

    May 22, 2026

    3mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-060093

    May 21, 2026

    3mo ago

    Open filing
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001213900-26-058517

    May 18, 2026

    3mo ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001213900-26-058156

    May 18, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-057039

    May 15, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-057038

    May 15, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-057037

    May 15, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-057035

    May 15, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-057034

    May 15, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-057033

    May 15, 2026

    3mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-057032

    May 15, 2026

    3mo ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-26-001609

    May 14, 2026

    3mo ago

    Open filing
  • CERT

    Exchange listing certification

    Accession 0001354457-26-000446

    May 13, 2026

    3mo ago

    Open filing
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001213900-26-055555

    May 13, 2026

    3mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001213900-26-054947

    May 12, 2026

    3mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001213900-26-054946

    May 12, 2026

    3mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-26-054455

    May 11, 2026

    3mo ago

    Open filing
  • S-1

    Registration statement for the initial public offering

    Accession 0001213900-26-024552

    Mar 6, 2026

    6mo ago

    Open filing
  • UPLOAD

    SEC staff comment letter

    Accession 0000000000-26-000983

    Jan 27, 2026

    7mo ago

    Open filing
  • DRS

    Draft registration statement (confidential)

    Accession 0001213900-25-124481

    Dec 22, 2025

    8mo ago

    Open filing

Patriot Acquisition Corp./CI: questions answered

What is Patriot Acquisition Corp./CI (PTAC)?

Patriot Acquisition Corp./CI is a special purpose acquisition company incorporated and registered with the SEC under CIK 0002099095. It completed its initial public offering in May 2026 and listing on Nasdaq. Class A shares trade under the ticker PTAC, units under PTACU, warrants under PTACW on Nasdaq. The vehicle is sponsored by Patriot through Patriot Acquisition Sponsor LLC. The mandate targets energy transition. IPO closed, trust funded, no definitive agreement announced.

How much does Patriot Acquisition Corp./CI hold in trust?

Approximately $176,603,239, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must Patriot Acquisition Corp./CI complete a merger?

By Nov 18, 2027. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.

What happens if Patriot Acquisition Corp./CI does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in Patriot Acquisition Corp./CI, and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does Patriot Acquisition Corp./CI trade under?

Class A shares trade as PTAC on Nasdaq, the units as PTACU, and the warrants as PTACW. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for Patriot Acquisition Corp./CI?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

Who sponsors Patriot Acquisition Corp./CI, and what is their track record?

Patriot Acquisition Sponsor LLC is the sponsor entity, part of the Patriot franchise. That franchise has launched 2 vehicles in total, none of which has resolved yet. Named principals: Jack Kopnisky.

Which banks underwrote the Patriot Acquisition Corp./CI IPO?

Stifel. Stifel was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is Patriot Acquisition Corp./CI tradeable, and where?

Yes. PTAC returned a live quote of $9.96 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is Patriot Acquisition Corp./CI a good investment?

That is not a question this site answers. Patriot Acquisition Corp./CI is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this Patriot Acquisition Corp./CI data come from?

Filings Patriot Acquisition Corp./CI submitted to the SEC under CIK 0002099095: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 4, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.