PATRIOT ACQUISITION CORP. PRO FORMA UNAUDITED BALANCE SHEET (Form 8-K)

PATRIOT ACQUISITION CORP.

PRO FORMA UNAUDITED BALANCE SHEET

See Note to Pro forma Unaudited Balance Sheet.

PATRIOT ACQUISITION CORP.

NOTES TO PRO FORMA UNAUDITED BALANCE SHEET

NOTE 1 - CLOSING OF OVER-ALLOTMENT OPTION AND ADDITIONAL PRIVATE PLACEMENT

The accompanying unaudited Pro forma Balance Sheet presents the Balance Sheet of Patriot Acquisition Corp. (the "Company") as of May 18, 2026 adjusted for the closing of the partial exercise of the underwriters' overallotment option and related transactions, which occurred on May 21, 2026, as described below.

The registration statement for the Company's Initial Public Offering was declared effective on May 13, 2026. On May 18, 2026, the Company consummated the Initial Public Offering of 16,000,000 units (the "Units" and, with respect to the Class A ordinary shares included in the Units being offered, the "Public Shares") at $10.00 per Unit, generating gross proceeds of $160,000,000. Each Unit consists of one Class A Ordinary Share, par value $0.0001 per share, and one-half of one redeemable warrant (the "Public Warrants"). Each whole Public Warrant entitles the holder thereof to purchase one Class A Ordinary Share at an exercise price of $11.50 per share, subject to adjustment.

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 5,200,000 warrants (the "Private Placement Warrants") at a price of $1.00 per Private Placement Warrant, in a private placement to the Company's sponsor, Patriot Acquisition Sponsor LLC, ("Sponsor"), and Keefe, Bruyette & Woods, Inc. ("KBW"), the representative of the underwriters, generating gross proceeds of $5,200,000. Of those 5,200,000 Private Placement Warrants, the Sponsor purchased 4,140,000 Private Placement Warrants and KBW purchased 1,060,000 Private Placement Warrants. Each whole Private Placement Warrant entitles the holder thereof to purchase one Class A Ordinary Share at an exercise price of $11.50 per share, subject to adjustment.

The Company granted the underwriters a 45-day option from the date of the Initial Public Offering to purchase up to 2,400,000 additional Units to cover over-allotments, if any, at the Initial Public Offering price less the underwriting discounts and commissions.

On May 21, 2026, the Company consummated the closing of an additional 1,500,000 Units sold pursuant to the underwriters' partial exercise of their over-allotment option, generating gross proceeds of $15,000,000. Simultaneously with the consummation of the partial exercise of over-allotment option on May 21, 2026, the Company completed the private placement of an additional 75,000 Private Placement Warrants to KBW at a price of $1.00 per Private Placement Warrant, generating gross proceeds of $75,000. Following the sale of the additional Units, all of the net proceeds from the sale of additional Units and additional Private Placement Warrants totaling to $15,075,000 have been added in the Trust Account. As a result, 375,000 founder shares are no longer subject to forfeiture. The underwriters have 45 days from the date of the Initial Public Offering to purchase the remaining 900,000 Units.

As of May 21, 2026, a total of $175,875,000 of the net proceeds from the Initial Public Offering (including the additional Units sold as the result of the partial exercise by the underwriters of their over-allotment option) and the sale of the Private Placement Warrants were placed in the Trust Account.

Pro forma adjustments to reflect the partial exercise of the underwriters' over-allotment option and sale of the additional Private Placement Warrants are as follows: