Pioneer Acquisition I Corp’s Lock-Up Period To End Tomorrow (NASDAQ:PACHU)

Pioneer Acquisition I’s (NASDAQ:PACHU) lock-up period is set to end on Monday, December 15th. Pioneer Acquisition I had issued 22,000,000 shares in its public offering on June 18th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

Separately, Wall Street Zen cut Pioneer Acquisition I from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th.

Pioneer Acquisition I Stock Down 0.4%

PACHU stock opened at $10.18 on Friday. Pioneer Acquisition I has a 1-year low of $9.70 and a 1-year high of $10.55. The business has a 50 day simple moving average of $10.23.

Institutional Trading of Pioneer Acquisition I

Large investors have recently added to or reduced their stakes in the company. Deltec Asset Management LLC purchased a new position in shares of Pioneer Acquisition I in the second quarter worth about $100,000. PenderFund Capital Management Ltd. increased its holdings in Pioneer Acquisition I by 248.0% in the 3rd quarter. PenderFund Capital Management Ltd. now owns 17,400 shares of the company’s stock worth $175,000 after buying an additional 12,400 shares during the period. Meteora Capital LLC purchased a new position in Pioneer Acquisition I during the 2nd quarter worth approximately $300,000. Crossingbridge Advisors LLC acquired a new stake in Pioneer Acquisition I during the 2nd quarter valued at approximately $488,000. Finally, Parallax Volatility Advisers L.P. boosted its holdings in shares of Pioneer Acquisition I by 67.8% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 58,744 shares of the company’s stock valued at $590,000 after acquiring an additional 23,744 shares during the last quarter.

About Pioneer Acquisition I

We are a blank check company incorporated as an exempted company under the laws of the Cayman Islands on August 28, 2024, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.