400,000 Shares in Pioneer Acquisition I Corp. $PACH Bought by Mint Tower Capital Management B.V.

Mint Tower Capital Management B.V. acquired a new stake in Pioneer Acquisition I Corp. (NASDAQ:PACH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 400,000 shares of the company’s stock, valued at approximately $4,020,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. ABC Arbitrage SA bought a new position in Pioneer Acquisition I in the 4th quarter valued at approximately $251,000. Centiva Capital LP bought a new position in Pioneer Acquisition I in the 3rd quarter valued at approximately $497,000. ATW Spac Management LLC bought a new position in Pioneer Acquisition I in the 3rd quarter valued at approximately $831,000. Boothbay Fund Management LLC bought a new position in Pioneer Acquisition I in the 3rd quarter valued at approximately $830,000. Finally, Dakota Wealth Management bought a new position in Pioneer Acquisition I in the 3rd quarter valued at approximately $1,083,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Pioneer Acquisition I from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Pioneer Acquisition I Trading Down 0.1%

NASDAQ:PACH opened at $10.24 on Friday. The firm’s 50 day simple moving average is $10.19 and its 200 day simple moving average is $10.14. Pioneer Acquisition I Corp. has a one year low of $9.94 and a one year high of $10.25.

Pioneer Acquisition I 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.