Pioneer Acquisition I Corp. $PACH Stock Sold by Wealthspring Capital LLC

Wealthspring Capital LLC lowered its stake in shares of Pioneer Acquisition I Corp. (NASDAQ:PACH) by 21.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 611,968 shares of the company’s stock after selling 164,290 shares during the period. Pioneer Acquisition I makes up approximately 1.4% of Wealthspring Capital LLC’s portfolio, making the stock its 18th biggest holding. Wealthspring Capital LLC owned about 2.15% of Pioneer Acquisition I worth $6,346,000 as of its most recent SEC filing.

Separately, Deltec Asset Management LLC bought a new position in shares of Pioneer Acquisition I in the third quarter valued at approximately $104,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Pioneer Acquisition I from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

Pioneer Acquisition I Price Performance

PACH opened at $10.40 on Monday. The company’s 50-day moving average is $10.36 and its 200 day moving average is $10.24. Pioneer Acquisition I Corp. has a fifty-two week low of $10.05 and a fifty-two week high of $10.41.

Pioneer Acquisition I (NASDAQ:PACH) last posted its earnings results on Friday, August 14th. The company reported $0.07 EPS for the quarter.

Pioneer Acquisition I Profile

Pioneer Acquisition I Corp. is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more operating companies. Rather than conducting ongoing commercial operations, the company’s principal activity is evaluating potential merger, acquisition, or similar transactions.

As a blank-check company, Pioneer Acquisition I does not have a portfolio of proprietary products or services, and its business depends on locating a suitable target and obtaining the required approval from shareholders and other stakeholders.