Ghisallo Capital Management LLC Buys Shares of 250,000 Pioneer Acquisition I Corp. $PACH

Ghisallo Capital Management LLC bought a new stake in Pioneer Acquisition I Corp. (NASDAQ:PACH) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 250,000 shares of the company’s stock, valued at approximately $2,485,000.

Several other large investors have also recently made changes to their positions in PACH. Deltec Asset Management LLC acquired a new position in Pioneer Acquisition I in the 3rd quarter valued at $99,000. Gritstone Asset Management LLC acquired a new stake in Pioneer Acquisition I during the 3rd quarter worth $690,000. ATW Spac Management LLC purchased a new stake in shares of Pioneer Acquisition I during the third quarter worth $831,000. Dakota Wealth Management acquired a new stake in shares of Pioneer Acquisition I in the third quarter valued at about $1,083,000. Finally, Context Capital Management LLC purchased a new position in shares of Pioneer Acquisition I in the third quarter worth about $1,492,000.

Pioneer Acquisition I Stock Performance

Shares of NASDAQ PACH opened at $10.18 on Friday. The company has a 50 day simple moving average of $10.11 and a 200-day simple moving average of $10.06. Pioneer Acquisition I Corp. has a 1 year low of $9.94 and a 1 year high of $10.19.

Analyst Upgrades and Downgrades

PACH has been the subject of several research reports. Wall Street Zen cut shares of Pioneer Acquisition I from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Weiss Ratings restated a “sell (e)” rating on shares of Pioneer Acquisition I in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

About Pioneer Acquisition I

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.