Pioneer Acquisition I Corp’s (NASDAQ:PACHU) Lock-Up Period To Expire on December 15th

Pioneer Acquisition I’s (NASDAQ:PACHU) lock-up period will expire on Monday, December 15th. Pioneer Acquisition I had issued 22,000,000 shares in its public offering on June 18th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Pioneer Acquisition I from a “hold” rating to a “sell” rating in a report on Saturday, August 16th.

Pioneer Acquisition I Stock Performance

NASDAQ PACHU opened at $10.18 on Monday. The company’s 50 day simple moving average is $10.22. Pioneer Acquisition I has a 52-week low of $9.70 and a 52-week high of $10.55.

Institutional Trading of Pioneer Acquisition I

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Arbitrage LLC purchased a new position in Pioneer Acquisition I in the second quarter valued at about $12,943,000. Magnetar Financial LLC purchased a new stake in Pioneer Acquisition I during the second quarter valued at approximately $10,010,000. MMCAP International Inc. SPC purchased a new position in Pioneer Acquisition I in the second quarter worth $7,504,000. LMR Partners LLP purchased a new position in Pioneer Acquisition I in the second quarter worth $7,504,000. Finally, Linden Advisors LP acquired a new position in shares of Pioneer Acquisition I during the second quarter worth $7,508,000.

About Pioneer Acquisition I

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.