{"url_path":"/sec/cik-0002099095/8-k/2026-05-21/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-21","source_url":"https://www.sec.gov/Archives/edgar/data/2099095/0001213900-26-060093-index.html","accession_number":"0001213900-26-060093","cik":"0002099095","ticker":null,"issuer_name":"Patriot Acquisition Corp./CI","edgar_url":"https://www.sec.gov/Archives/edgar/data/2099095/0001213900-26-060093-index.html","primary_entity_key":"0002099095","primary_entity_name":"Patriot Acquisition Corp./CI"},"word_count":459,"has_tables":true,"body_markdown":"** **\n\n \n\n****\n\n** **\n\n****\n\n \n\n** **\n\n**Item 8.01. Other Events.**\n\n \n\nAs previously disclosed, on May 18, 2026, Patriot Acquisition Corp.\n(the “Company”) consummated its initial public offering (“IPO”), which consisted of 16,000,000 units\n(the “Units”). Each Unit consists of one Class A ordinary share, $0.0001 par value (“Class A Ordinary Share”)\nand one-half of one redeemable warrant of the Company (each, a “Warrant”), with each whole Warrant entitling the holder\nthereof to purchase one Class A Ordinary Share for $11.50 per share. The Units were sold at an offering price of $10.00 per Unit, generating\ngross proceeds of $160,000,000. Keefe, Bruyette and Woods, Inc. (“KBW”), the underwriter, was granted a 45-day option\nto purchase up to an additional 2,400,000 Units offered by the Company to cover over-allotments, if any (the “Over-Allotment\nOption”).\n\n \n\nAs previously disclosed, simultaneously with the closing of the IPO,\npursuant to the private placement warrants purchase agreements with Patriot Acquisition Sponsor LLC (the “Sponsor”)\nand KBW, the Company completed the private sale of an aggregate of 5,200,000 Warrants (the “Private Placement Warrants”)\nto the Sponsor and KBW at a price of $1.00 per Private Placement Warrant (the “Private Placement”). The Private Placement\nWarrants (and underlying securities) are identical to the Warrants sold in the IPO, except as otherwise disclosed in the Registration\nStatement on Form S-1, initially filed with the U.S. Securities and Exchange Commission on March 6, 2026 (File No. 333-294090). No underwriting\ndiscounts or commissions were paid with respect to such sale. The issuance of the Private Placement Warrants was made pursuant to the\nexemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.\n\n \n\nSubsequently, on May 20, 2026, KBW partially exercised the Over-Allotment\nOption for 1,500,000 Units. The closing of the issuance and sale of the additional Units (the “Over-Allotment Option Units”)\noccurred on May 21, 2026. The total aggregate issuance by the Company of 1,500,000 Over-Allotment Option Units at a price of $10.00 per\nunit generated total gross proceeds of $15,000,000. On May 21, 2026, simultaneously with the sale of the Over-Allotment Option Units,\nthe Company consummated the private sale of an additional 75,000 Private Placement Warrants to KBW, generating gross proceeds of $75,000.\n\n \n\nThe Private Placement Warrants were issued pursuant to Section 4(a)(2)\nof the Securities Act of 1933, as amended, as the transactions did not involve a public offering.\n\n \n\nOn May 21, 2026, an additional $15,075,000 consisting of the net proceeds\nfrom the sale of the Over-Allotment Option Units and the additional Private Placement Warrants was placed in the trust account, resulting\nin a total of $175,875,000 held in the trust account.\n\n \n\nOn May 21, 2026, the Company issued the press release attached hereto\nas Exhibit 99.1 to this Current Report on Form 8-K, announcing the exercise of the Over-Allotment Option."}