Alpine Global Management LLC lessened its position in shares of Pioneer Acquisition I Corp (NASDAQ:PACHU – Free Report) by 25.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 225,000 shares of the company’s stock after selling 75,000 shares during the period. Alpine Global Management LLC’s holdings in Pioneer Acquisition I were worth $2,261,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. PenderFund Capital Management Ltd. grew its position in shares of Pioneer Acquisition I by 248.0% during the 3rd quarter. PenderFund Capital Management Ltd. now owns 17,400 shares of the company’s stock worth $175,000 after purchasing an additional 12,400 shares in the last quarter. Meteora Capital LLC acquired a new stake in shares of Pioneer Acquisition I during the 2nd quarter valued at $300,000. Crossingbridge Advisors LLC bought a new stake in shares of Pioneer Acquisition I during the second quarter worth about $488,000. Parallax Volatility Advisers L.P. increased its position in Pioneer Acquisition I by 67.8% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 58,744 shares of the company’s stock valued at $590,000 after acquiring an additional 23,744 shares during the period. Finally, DLD Asset Management LP acquired a new stake in Pioneer Acquisition I in the second quarter valued at $1,000,000.
Pioneer Acquisition I Stock Performance
Shares of PACHU opened at $10.23 on Wednesday. Pioneer Acquisition I Corp has a 1 year low of $9.70 and a 1 year high of $10.55. The business has a 50-day moving average of $10.21 and a 200-day moving average of $10.18.
About Pioneer Acquisition I
Pioneer Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands in 2023. As a blank check company, it has no commercial operations of its own and was formed solely to raise capital for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
In its initial public offering, Pioneer Acquisition I sold 20 million units at a price of $10.00 per unit.
Further Reading
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