Lineage Point Capital LP Acquires New Position in Pioneer Acquisition I Corp $PACHU

Lineage Point Capital LP acquired a new stake in Pioneer Acquisition I Corp (NASDAQ:PACHU) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 50,867 shares of the company’s stock, valued at approximately $521,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PACHU. LMR Partners LLP purchased a new position in shares of Pioneer Acquisition I during the 2nd quarter worth approximately $7,504,000. Shaolin Capital Management LLC purchased a new position in Pioneer Acquisition I in the second quarter worth $6,503,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in Pioneer Acquisition I in the second quarter worth $6,003,000. Sculptor Capital LP acquired a new stake in Pioneer Acquisition I in the second quarter valued at $5,002,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in Pioneer Acquisition I in the second quarter valued at $5,002,000.

Pioneer Acquisition I Stock Performance

Shares of NASDAQ PACHU opened at $10.31 on Friday. Pioneer Acquisition I Corp has a one year low of $9.70 and a one year high of $11.20. The company’s fifty day moving average is $10.30 and its two-hundred day moving average is $10.25.

About Pioneer Acquisition I

Pioneer Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands in 2023. As a blank check company, it has no commercial operations of its own and was formed solely to raise capital for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

In its initial public offering, Pioneer Acquisition I sold 20 million units at a price of $10.00 per unit.