SPAC Paloma Acquisition I files for a $150 million IPO, targeting precious metals
February 19, 2026 News
SPAC Paloma Acquisition I prices $150 million IPO, targeting precious metals
Paloma Acquisition I, a blank check company targeting gold, silver, and other precious metals, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
IPO Overview
Paloma Acquisition I, a blank check company targeting gold, silver, and other precious metals, filed on Friday with the SEC to raise up to $150 million in an initial public offering.
The New York, NY-based company plans to raise $150 million by offering 15 million units at a price of $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
Paloma Acquisition I is set to be led by Chairman James Askew, a mining veteran who was previously Chairman of Federation Mining. He is joined by CEO Anna Nahajski-Staples, the Executive Chair of Moeghetti Minerals, and the founder of Paloma Investments, as well as CFO Peter Preston, who was previously a VP and Head of Strategic Planning and Operations at Veritone. The company plans to focus its acquisition efforts on companies operating or developing assets in precious metal sectors, including but not limited to gold and silver in the United States.
The New York, NY-based company was founded in 2025 and plans to list on the Nasdaq under the symbol PALOU. Paloma Acquisition I filed confidentially on December 23, 2025. Jefferies is the sole bookrunner on the deal.
About the Company
We are a newly organized blank check company incorporated as a Cayman Islands exempted company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry or geographic region, we intend to focus on a target in industries that complement our management team’s background, and to capitalize on the ability of our management team to identify and acquire a business, focusing primarily on businesses with gold and silver assets in North America. We intend to focus on combining with a business with a strong market position and a clear path to long-term value creation. Our focus will include, but not be limited to, companies operating or developing assets in precious metal sectors, including but not limited to gold and silver in the United States. We believe these sectors offer attractive fundamentals, including recurring revenue models, high barriers to entry, and favorable macroeconomic tailwinds.