Dakota Wealth Management Purchases Shares of 109,000 Pioneer Acquisition I Corp. $PACH

Dakota Wealth Management purchased a new position in shares of Pioneer Acquisition I Corp. (NASDAQ:PACH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 109,000 shares of the company’s stock, valued at approximately $1,083,000. Dakota Wealth Management owned about 0.34% of Pioneer Acquisition I as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Deltec Asset Management LLC purchased a new position in shares of Pioneer Acquisition I during the 3rd quarter valued at about $99,000. Gritstone Asset Management LLC bought a new position in Pioneer Acquisition I during the third quarter valued at approximately $690,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of Pioneer Acquisition I during the third quarter worth approximately $6,731,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PACH shares. Wall Street Zen lowered shares of Pioneer Acquisition I from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Weiss Ratings restated a “sell (e)” rating on shares of Pioneer Acquisition I in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Pioneer Acquisition I presently has a consensus rating of “Sell”.

Pioneer Acquisition I Stock Performance

Shares of Pioneer Acquisition I stock opened at $10.13 on Thursday. Pioneer Acquisition I Corp. has a 52-week low of $9.94 and a 52-week high of $10.16. The business has a 50 day moving average price of $10.09.

Pioneer Acquisition I Company Profile

Pioneer Acquisition I (NASDAQ: PACH) is a publicly traded special purpose acquisition company (SPAC), commonly known as a blank-check company. Like other SPACs, its principal business purpose is to identify, negotiate and complete a business combination with one or more operating companies. Until a qualifying transaction is completed, the entity typically has no substantive operating business of its own and holds capital raised from public investors in trust.

As a SPAC, Pioneer Acquisition I’s activities generally include sourcing potential targets, conducting due diligence, negotiating transaction terms, and seeking shareholder approval for any proposed business combination.