Green AI Cloud Agrees To SPAC Merger With Pioneer Acquisition I, Targeting Nasdaq Listing To Fund Expansion Of Renewable-Powered AI Data Centers Across Europe

Green AI Cloud, Inc. has announced a merger with Pioneer Acquisition I Corp, a SPAC, which will value the company at a pre-money equity value of $300 million. The merger aims to facilitate Green AI Cloud's expansion of renewable-powered AI data centers across Europe and is expected to lead to a Nasdaq listing. The company's data centers operate on renewable energy sources and aim for a net-negative CO2 footprint.