Paloma Acquisition Corp I (PALO)

Paloma Acquisition Corp I is a special purpose acquisition company, or blank-check company, whose Class A ordinary shares trade on the Nasdaq. It was established to raise money through an initial public offering and then combine with one or more private operating businesses.

The company does not run an operating business, and its IPO proceeds are generally held in a trust account until a deal is completed or funds are returned to shareholders. A specific target sector has not been confirmed here.