{"url_path":"/sec/cik-0002088626/8-k/2026-06-01/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/2088626/0001493152-26-026668-index.html","accession_number":"0001493152-26-026668","cik":"0002088626","ticker":null,"issuer_name":"Peace Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2088626/0001493152-26-026668-index.html","primary_entity_key":"0002088626","primary_entity_name":"Peace Acquisition Corp."},"word_count":364,"has_tables":true,"body_markdown":"**Item\n8.01. Other Events.**\n\n \n\nOn\nMay 14, 2026, the Registration Statement on Form S-1 (SEC File No. 333-290759) (the “Registration Statement”) relating to\nthe initial public offering of units of Peace Acquisition Corp, a Cayman Islands exempt company (the “Company”), was declared\neffective. On May 26, 2026, the Company consummated its initial public offering (the “IPO”) of 6,000,000 units (“Units”).\nEach Unit consists of one ordinary share of the Company, par value $0.0001 per share (“Ordinary Shares”), one right\n(“Rights”), each Right entitling its holder to receive one fifth of one Ordinary Share upon the completion of the\nCompany’s initial business combination, and one warrant (“Warrants”), each Warrant entitling its holder\nto purchase one Ordinary Share for $11.50 per share, subject to adjustment. The Units were sold at an offering price of $10.00 per Unit,\ngenerating gross proceeds of $60,000,000.\n\n \n\nSimultaneously\nwith the consummation of the IPO, the Company consummated a private placement (the “Private Placements”) of 262,500\nunits (“Private Placement Units”), at a price of $10.00 per Private Placement Unit, generating total proceeds of $2,625,000.\nThe Private Placement Units were purchased by the Company’s sponsor, Baystar Holding Group Limited, and EarlyBirdCapital,\nInc., the underwriter in the IPO. The Private Placement Units are identical\nto the Units sold in the IPO. The purchasers of the Private Placement Units have agreed not to transfer, assign or sell any of the Private\nPlacement Units or Ordinary Shares, Rights or Warrants underlying the Private Placement Units, subject to certain customary exceptions,\nuntil the completion of the Company’s initial business combination. The issuance of the Private Placement Units was made pursuant\nto the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.\n\n \n\nAn\naudited balance sheet as of May 26, 2026, reflecting receipt of the proceeds received by the Company in connection with the consummation\nof the IPO and the Private Placement, has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.\nA copy of the press release issued by the Company announcing the consummation of the IPO and Private Placement is included as Exhibit\n99.2 to this Current Report on Form 8-K."}