Pioneer Acquisition I agrees to merge with Green AI Cloud in deal valuing target at $300 million

Green AI Cloud reached a deal to merge with Pioneer Acquisition I Corp., taking the Sweden-based AI data center developer public on Nasdaq. The transaction values Green AI Cloud at a pre-money equity value of USD 300 million. It implies a pro forma enterprise value of about USD 525 million, assuming no redemptions by Pioneer’s public shareholders. Closing is expected in the second quarter of 2027, subject to Pioneer shareholder approval and other customary conditions. Proceeds are earmarked for developing AI-ready data center sites in Sweden, expansion into new sites, and potential acquisitions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pioneer Acquisition I Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-011096), on October 14, 2026, and is solely