Radcliffe Capital Management L.P. Purchases New Shares in Pioneer Acquisition I Corp. $PACH

Radcliffe Capital Management L.P. acquired a new position in Pioneer Acquisition I Corp. (NASDAQ:PACH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 592,475 shares of the company’s stock, valued at approximately $5,895,000.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Pioneer Acquisition I during the 3rd quarter worth approximately $3,066,000. ATW Spac Management LLC acquired a new stake in shares of Pioneer Acquisition I in the 3rd quarter valued at approximately $831,000. Context Capital Management LLC acquired a new stake in Pioneer Acquisition I in the third quarter valued at approximately $1,492,000. Picton Mahoney Asset Management bought a new stake in Pioneer Acquisition I during the 3rd quarter worth $4,975,000. Finally, Dakota Wealth Management bought a new position in Pioneer Acquisition I in the third quarter valued at about $1,083,000.

Pioneer Acquisition I Stock Performance

NASDAQ:PACH opened at $10.18 on Friday. Pioneer Acquisition I Corp. has a 12 month low of $9.94 and a 12 month high of $10.19. The firm has a fifty day simple moving average of $10.11 and a two-hundred day simple moving average of $10.06.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PACH. Weiss Ratings reiterated a “sell (e)” rating on shares of Pioneer Acquisition I in a report on Monday, December 29th. Wall Street Zen cut shares of Pioneer Acquisition I from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.