Polar Asset Management Partners Inc. Acquires New Shares in Pioneer Acquisition I Corp. $PACH

Polar Asset Management Partners Inc. bought a new stake in Pioneer Acquisition I Corp. (NASDAQ:PACH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 500,000 shares of the company’s stock, valued at approximately $4,980,000. Polar Asset Management Partners Inc. owned about 1.58% of Pioneer Acquisition I as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Deltec Asset Management LLC acquired a new stake in shares of Pioneer Acquisition I in the 3rd quarter valued at approximately $99,000. Centiva Capital LP bought a new position in Pioneer Acquisition I in the 3rd quarter valued at approximately $497,000. Gritstone Asset Management LLC acquired a new stake in Pioneer Acquisition I in the third quarter valued at approximately $690,000. ATW Spac Management LLC bought a new stake in shares of Pioneer Acquisition I during the third quarter worth $831,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Pioneer Acquisition I during the third quarter worth $830,000.

Pioneer Acquisition I Stock Down 0.1%

Pioneer Acquisition I stock opened at $10.15 on Thursday. The business has a 50 day moving average of $10.12 and a 200-day moving average of $10.07. Pioneer Acquisition I Corp. has a 1 year low of $9.94 and a 1 year high of $10.19.

Analyst Ratings Changes

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

Pioneer Acquisition I 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.