Mercator Acquisition Corp. prices $150M IPO on Nasdaq

Mercator Acquisition Corp., a blank check company, priced its initial public offering of 15,000,000 units at $10.00 per unit, raising $150 million, according to a press release statement.

The units are set to begin trading on the Nasdaq Global Market on July 9, 2026, under the ticker symbol "MRCOU." Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant is exercisable to purchase one Class A ordinary share at $11.50 per share. Once the units begin separate trading, the Class A ordinary shares and warrants are expected to trade on Nasdaq under the symbols "MRCO" and "MRCOW," respectively.

Clear Street is acting as sole book-running manager for the offering. The company has granted underwriters a 45-day option to purchase up to an additional 2,250,000 units at the IPO price to cover over-allotments.

The company intends to focus on technology and software infrastructure companies whose products and services target financial services, real estate, and asset management companies. Mercator Acquisition Corp. is led by Shawn Matthews as chairman and chief executive officer, Steve Bischoff as chief financial officer, and Shawn Matthews Jr. as president.

The SEC declared the registration statement effective on July 8, 2026.

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