750,000 Shares in Pioneer Acquisition I Corp. $PACH Acquired by MMCAP International Inc. SPC

MMCAP International Inc. SPC purchased a new position in shares of Pioneer Acquisition I Corp. (NASDAQ:PACH – Free Report) in the fourth quarter, Holdings Channel reports. The fund purchased 750,000 shares of the company’s stock, valued at approximately $7,538,000.

A number of other institutional investors also recently bought and sold shares of the business. Linden Advisors LP purchased a new position in Pioneer Acquisition I during the 3rd quarter worth approximately $9,940,000. AQR Arbitrage LLC purchased a new position in Pioneer Acquisition I during the 3rd quarter worth approximately $9,787,000. Two Sigma Investments LP purchased a new position in Pioneer Acquisition I during the 3rd quarter worth approximately $7,927,000. Clear Street Group Inc. purchased a new position in Pioneer Acquisition I during the 3rd quarter worth approximately $7,202,000. Finally, Shaolin Capital Management LLC purchased a new position in Pioneer Acquisition I during the 3rd quarter worth approximately $6,972,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Pioneer Acquisition I from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Pioneer Acquisition I has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on Pioneer Acquisition I

Pioneer Acquisition I Price Performance

PACH opened at $10.20 on Wednesday. Pioneer Acquisition I Corp. has a 12-month low of $9.94 and a 12-month high of $10.22. The firm has a 50 day moving average of $10.18 and a two-hundred day moving average of $10.13.

About Pioneer Acquisition I

(Free Report)

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.

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Want to see what other hedge funds are holding PACH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pioneer Acquisition I Corp. (NASDAQ:PACH – Free Report).