Linden Advisors LP Makes New Investment in Pioneer Acquisition I Corp. $PACH

Linden Advisors LP acquired a new position in shares of Pioneer Acquisition I Corp. (NASDAQ:PACH) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000,000 shares of the company’s stock, valued at approximately $9,940,000. Linden Advisors LP owned about 3.16% of Pioneer Acquisition I at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Centiva Capital LP acquired a new stake in shares of Pioneer Acquisition I in the third quarter valued at about $497,000. Clear Street Group Inc. bought a new stake in Pioneer Acquisition I during the third quarter worth about $7,202,000. Berkley W R Corp acquired a new position in Pioneer Acquisition I during the third quarter valued at approximately $1,478,000. Boothbay Fund Management LLC acquired a new position in Pioneer Acquisition I during the third quarter valued at approximately $830,000. Finally, Shaolin Capital Management LLC bought a new position in Pioneer Acquisition I in the third quarter valued at approximately $6,972,000.

Pioneer Acquisition I Price Performance

Shares of PACH opened at $10.19 on Tuesday. The firm has a 50-day moving average of $10.12 and a 200-day moving average of $10.07. Pioneer Acquisition I Corp. has a one year low of $9.94 and a one year high of $10.19.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Pioneer Acquisition I in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.