# Mercator Acquisition Corp. (MRCO) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_8d38c43ec57307100125 · retrieved 2026-08-11T16:13:53.873Z

## Overview
Mercator Acquisition Corp. is a blank-check company incorporated in the Cayman Islands formed to identify and consummate an initial business combination with an unidentified target business.

Mercator Acquisition Corp., a Cayman Islands blank-check company, completed its initial public offering on July 10, 2026, selling 17,250,000 units (including 2,250,000 units from the 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 for one Class A ordinary share at $11.50 per share. Simultaneously, the Company completed a private placement of 4,500,000 warrants to the Sponsor (Mercator Investor Holdings, LLC) and the Underwriter (Clear Street LLC) at $1.00 per warrant, generating $4,500,000 in gross proceeds. A total of $172,500,000 from the IPO proceeds (including $7,350,000 of deferred underwriting discount) was deposited into a trust account.

## Terms
- Counterparty: Clear Street LLC (Underwriter); Mercator Investor Holdings, LLC (Sponsor) · Deal value: $172.5M · Consideration: cash · Price/share: $10

## Key dates
- Announced 2026-07-16

## Timeline
- 2026-07-16 · 8-K (0001213900-26-078814): 8-K - Mercator Acquisition Corp. — *Mercator Acquisition Corp. is a blank-check company incorporated in the Cayman Islands formed to identify and consummate an initial business combination with an unidentified target business.* Mercator Acquisition Corp., a Cayman Islands blank-check company, completed its initial public offering on July 10, 2026, selling 17,250,000 units (including 2,250,000 units from the 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 for one Class A ordinary share at $11.50 per share. Simultaneously, the Company completed a private placement of 4,500,000 warrants to the Sponsor (Mercator Investor Holdings, LLC) and the Underwriter (Clear Street LLC) at $1.00 per warrant, generating $4,500,000 in gross proceeds. A total of $172,500,000 from the IPO proceeds (including $7,350,000 of deferred underwriting discount) was deposited into a trust account.
  https://www.sec.gov/Archives/edgar/data/2106436/0001213900-26-078814.txt

## Citations
- 0001213900-26-078814 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026078814