KPET Ultra Paceline Corp

KPET Ultra Paceline Corporation is a blank check company incorporated in the Cayman Islands on September 29, 2025, for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company has not selected any specific target and has not initiated substantive discussions with any potential targets. It plans to pursue targets in any industry, leveraging the operational expertise of its management team, led by Karl Peterson (Chairman and CEO) and Eduardo Tamraz (President and CFO), who have over 50 years of combined experience in private equity, SPACs, and public markets across sectors like travel, industrials, technology, and consumer products. The Company is offering 20,000,000 units at $10.00 each, totaling $200 million gross proceeds (up to $230 million if underwriters exercise their 45-day overallotment option for 3 million additional units), with $200 million deposited into a U.S.-based trust account invested in U.S. government securities or money market funds. Net proceeds outside the trust are approximately $1.5 million for working capital. The Company has 24 months (extendable to 27 months at sponsor's option) to complete an initial business combination, or it will redeem public shares at $10.00 per share. Sponsor KPET Ultra Paceline LLC purchased 5,750,000 Class B founder shares for $25,000 ($0.004 per share) and will buy 235,000 private placement units for $2.35 million. Investment thesis centers on management's SPAC track record and ability to identify operationally oriented targets for value creation in public markets.

Key Takeaways