Appleby Advised Pioneer Acquisition I Corp in Its Business Combination Agreement With Green AI Cloud
Published: 16 Oct 2026
Type: Deals
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Pioneer Acquisition I Corp in its entry into a definitive business combination agreement with Green AI Cloud, a Clean Energy Super Compute AI Platform in Europe.
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The transaction values Green AI Cloud at a pre-money equity value of USD300M and a pro forma enterprise value of approximately USD525M. The newly formed company is expected to list on the Nasdaq Stock Market.
The Appleby Mergers & Acquisitions team was led by Cayman Islands Partner Alexandra Low, and Hong Kong Senior Associate Alejandra Saucedo Gonzalez alongside other members of the corporate team.
Appleby continues to play a leading role in cross-border M&A and public market transactions worldwide.
