Wolverine Asset Management LLC Takes Position in Pioneer Acquisition I Corp $PACHU

Wolverine Asset Management LLC acquired a new stake in Pioneer Acquisition I Corp (NASDAQ:PACHU) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 276,041 shares of the company’s stock, valued at approximately $2,762,000.

Other large investors also recently modified their holdings of the company. Gritstone Asset Management LLC bought a new position in shares of Pioneer Acquisition I in the second quarter valued at about $700,000. Syquant Capital Sas bought a new position in shares of Pioneer Acquisition I in the second quarter valued at about $1,101,000. Finally, Deltec Asset Management LLC bought a new position in shares of Pioneer Acquisition I in the second quarter valued at about $100,000.

Pioneer Acquisition I Stock Performance

PACHU stock opened at $10.11 on Friday. The company has a 50-day simple moving average of $10.06. Pioneer Acquisition I Corp has a 52 week low of $9.70 and a 52 week high of $10.21.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Pioneer Acquisition I from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th.

About Pioneer Acquisition I

We are a blank check company incorporated as an exempted company under the laws of the Cayman Islands on August 28, 2024, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.