Radcliffe Capital Management L.P. Invests $5.90 Million in Pioneer Acquisition I Corp. $PACH

Radcliffe Capital Management L.P. acquired a new position in Pioneer Acquisition I Corp. (NASDAQ:PACH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 592,475 shares of the company’s stock, valued at approximately $5,895,000. Radcliffe Capital Management L.P. owned approximately 1.87% of Pioneer Acquisition I as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Wolverine Asset Management LLC acquired a new stake in Pioneer Acquisition I in the 3rd quarter valued at $6,731,000. Picton Mahoney Asset Management bought a new position in shares of Pioneer Acquisition I in the 3rd quarter valued at about $4,975,000. BNP Paribas Financial Markets acquired a new stake in shares of Pioneer Acquisition I in the third quarter valued at about $3,066,000. Context Capital Management LLC bought a new stake in Pioneer Acquisition I during the third quarter worth about $1,492,000. Finally, Dakota Wealth Management acquired a new position in Pioneer Acquisition I during the third quarter valued at approximately $1,083,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PACH. Wall Street Zen lowered Pioneer Acquisition I from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “sell (e)” rating on shares of Pioneer Acquisition I in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Pioneer Acquisition I Trading Down 0.1%

Shares of NASDAQ PACH opened at $10.18 on Friday. The business’s 50 day moving average is $10.11 and its 200-day moving average is $10.06. Pioneer Acquisition I Corp. has a 1-year low of $9.94 and a 1-year high of $10.19.

About Pioneer Acquisition I

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.