AQR Arbitrage LLC Invests $12.94 Million in Pioneer Acquisition I Corp $PACHU

AQR Arbitrage LLC bought a new stake in Pioneer Acquisition I Corp (NASDAQ:PACHU) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,293,025 shares of the company’s stock, valued at approximately $12,943,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deltec Asset Management LLC purchased a new position in shares of Pioneer Acquisition I during the second quarter worth $100,000. Meteora Capital LLC acquired a new position in Pioneer Acquisition I during the 2nd quarter worth about $300,000. Crossingbridge Advisors LLC purchased a new position in Pioneer Acquisition I during the 2nd quarter valued at about $488,000. Timelo Investment Management Inc. acquired a new position in Pioneer Acquisition I in the 2nd quarter valued at about $600,000. Finally, Gritstone Asset Management LLC purchased a new stake in Pioneer Acquisition I during the second quarter worth about $700,000.

Pioneer Acquisition I Stock Performance

Shares of NASDAQ:PACHU opened at $10.18 on Friday. Pioneer Acquisition I Corp has a fifty-two week low of $9.70 and a fifty-two week high of $10.55. The company has a 50 day moving average price of $10.23.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Pioneer Acquisition I from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th.

Pioneer Acquisition I Profile

We are a blank check company incorporated as an exempted company under the laws of the Cayman Islands on August 28, 2024, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.