0001213900-26-033646
SEC filingKPET Ultra Paceline Corporation is a blank check company incorporated on September 29, 2025, as a Cayman Islands exempted company, formed to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. No specific target has been selected, and no substantive discussions have occurred. The company plans to leverage its management's extensive SPAC experience, including prior involvement in Pace-I ($450M IPO, 2015), Pace Energy ($650M IPO, 2017), and others led by Chairman/CEO Karl Peterson and President/CFO Eduardo Tamraz. The offering consists of 20,000,000 units at $10.00 each, totaling $200 million gross proceeds, with a 45-day overallotment option for 3,000,000 additional units. Each unit includes one Class A ordinary share and one-sixth of one warrant (exercisable at $11.50/share post-business combination). $200 million (or $230 million if overallotment exercised) will be held in trust, invested in U.S. treasuries or money market funds. Proceeds outside trust (~$1.5M) fund operations until a combination within 24 months (extendable to 27). As of December 31, 2025, the company reported no cash, a $375,221 working capital deficit, $63,391 net loss, and a going concern doubt. Investment thesis centers on management's track record in operationally oriented acquisitions across sectors, aiming to unlock value in public markets despite no revenues or operations.