Pioneer Acquisition I Corp $PACHU Shares Sold by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. lessened its stake in shares of Pioneer Acquisition I Corp (NASDAQ:PACHU) by 90.5% during the 3rd quarter, Holdings Channel reports. The firm owned 36,894 shares of the company’s stock after selling 350,000 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in Pioneer Acquisition I were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Highbridge Capital Management LLC purchased a new position in shares of Pioneer Acquisition I in the second quarter worth $4,997,000. Magnetar Financial LLC purchased a new stake in shares of Pioneer Acquisition I during the second quarter valued at $10,010,000. JPMorgan Chase & Co. acquired a new position in shares of Pioneer Acquisition I in the 2nd quarter valued at $1,001,000. DLD Asset Management LP acquired a new position in shares of Pioneer Acquisition I in the 2nd quarter valued at $1,000,000. Finally, Crossingbridge Advisors LLC purchased a new position in Pioneer Acquisition I in the 2nd quarter worth $488,000.

Pioneer Acquisition I Stock Up 0.2%

Shares of PACHU opened at $10.25 on Friday. The stock has a 50-day moving average of $10.21 and a two-hundred day moving average of $10.18. Pioneer Acquisition I Corp has a one year low of $9.70 and a one year high of $10.55.

Pioneer Acquisition I 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.