# Mercator Acquisition Corp. (MRCO) — spac/ipo [completed]
Source: SEC API (secapi.ai) · situation sit_5350be32a7eb0278bd8a · retrieved 2026-08-12T06:57:41.190Z

## Overview
Mercator Acquisition Corp. is a blank-check company incorporated in the Cayman Islands for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Mercator Acquisition Corp., a blank-check company, consummated its initial public offering on July 10, 2026, selling 17,250,000 units (including 2,250,000 units from full exercise of the underwriter's over-allotment option) at $10.00 per unit, generating gross proceeds of $172,500,000. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant exercisable at $11.50 per share. Simultaneously, on July 8, 2026, the Company completed a private placement of 4,500,000 warrants to Mercator Investor Holdings, LLC (the Sponsor) and Clear Street LLC (the underwriter) at $1.00 per warrant, generating gross proceeds of $4,500,000. A total of $172,500,000 from the IPO proceeds was placed in a trust account.

## Terms
- Deal value: $177.0M · Consideration: cash · Price/share: $10

## Key dates
- Completed 2026-07-10

## Timeline
- 2026-08-07 · 8-K (0001213900-26-086670): 8-K - Mercator Acquisition Corp. — *Mercator Acquisition Corp. is a blank-check company incorporated in the Cayman Islands for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.* Mercator Acquisition Corp., a blank-check company, consummated its initial public offering on July 10, 2026, selling 17,250,000 units (including 2,250,000 units from full exercise of the underwriter's over-allotment option) at $10.00 per unit, generating gross proceeds of $172,500,000. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant exercisable at $11.50 per share. Simultaneously, on July 8, 2026, the Company completed a private placement of 4,500,000 warrants to Mercator Investor Holdings, LLC (the Sponsor) and Clear Street LLC (the underwriter) at $1.00 per warrant, generating gross proceeds of $4,500,000. A total of $172,500,000 from the IPO proceeds was placed in a trust account.
  https://www.sec.gov/Archives/edgar/data/2106436/0001213900-26-086670.txt

## Citations
- 0001213900-26-086670 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026086670