Shares of Pioneer Acquisition I Corp (NASDAQ:PACHU – Get Free Report) fell 0.2% during mid-day trading on Friday . The stock traded as low as $10.38 and last traded at $10.38. Approximately 103 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 862 shares. The stock had previously closed at $10.40.
Pioneer Acquisition I Stock Performance
The company has a 50 day moving average of $10.39 and a 200 day moving average of $10.32.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in Pioneer Acquisition I in the second quarter valued at approximately $1,001,000. Shaolin Capital Management LLC bought a new position in Pioneer Acquisition I in the 2nd quarter valued at about $6,503,000. Whitebox Advisors LLC acquired a new position in Pioneer Acquisition I in the 2nd quarter valued at $3,002,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of Pioneer Acquisition I in the second quarter valued at about $6,003,000. Finally, Boothbay Fund Management LLC bought a new position in Pioneer Acquisition I during the second quarter worth about $1,501,000.
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.
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