Wolverine Asset Management LLC Has $5.15 Million Stock Holdings in Pioneer Acquisition I Corp. $PACH

Wolverine Asset Management LLC lessened its position in Pioneer Acquisition I Corp. (NASDAQ:PACH) by 24.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 512,506 shares of the company’s stock after selling 164,702 shares during the quarter. Wolverine Asset Management LLC’s holdings in Pioneer Acquisition I were worth $5,151,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PACH. Deltec Asset Management LLC acquired a new stake in Pioneer Acquisition I in the 3rd quarter valued at approximately $99,000. Gritstone Asset Management LLC acquired a new stake in Pioneer Acquisition I in the 3rd quarter valued at approximately $690,000. Dakota Wealth Management acquired a new stake in Pioneer Acquisition I in the 3rd quarter valued at approximately $1,083,000. Picton Mahoney Asset Management acquired a new stake in Pioneer Acquisition I in the 3rd quarter valued at approximately $4,975,000. Finally, Context Capital Management LLC acquired a new stake in Pioneer Acquisition I in the 3rd quarter valued at approximately $1,492,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Pioneer Acquisition I from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Pioneer Acquisition I Stock Up 0.0%

NASDAQ:PACH opened at $10.20 on Monday. Pioneer Acquisition I Corp. has a twelve month low of $9.94 and a twelve month high of $10.20. The stock’s 50 day moving average price is $10.16 and its two-hundred day moving average price is $10.11.

Pioneer Acquisition I Company Profile

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.