Pioneer Acquisition I (NASDAQ:PACHU) Shares Down 0.7% – What’s Next?

Pioneer Acquisition I Corp (NASDAQ:PACHU)’s stock price was down 0.7% during trading on Thursday . The company traded as low as $10.15 and last traded at $10.15. Approximately 48 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 90,217 shares. The stock had previously closed at $10.22.

Pioneer Acquisition I Trading Down 0.7%

The business’s 50-day moving average price is $10.27.

Hedge Funds Weigh In On Pioneer Acquisition I

A number of large investors have recently bought and sold shares of PACHU. Syquant Capital Sas purchased a new stake in shares of Pioneer Acquisition I during the second quarter valued at approximately $1,101,000. Deltec Asset Management LLC purchased a new position in shares of Pioneer Acquisition I in the second quarter worth $100,000. Gritstone Asset Management LLC bought a new stake in Pioneer Acquisition I during the 2nd quarter valued at $700,000. Wolverine Asset Management LLC purchased a new stake in Pioneer Acquisition I during the 2nd quarter valued at $2,762,000. Finally, Timelo Investment Management Inc. purchased a new stake in Pioneer Acquisition I during the 2nd quarter valued at $600,000.

Pioneer Acquisition I Company Profile

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.