750,000 Shares in Pioneer Acquisition I Corp $PACHU Acquired by MMCAP International Inc. SPC

MMCAP International Inc. SPC acquired a new stake in Pioneer Acquisition I Corp (NASDAQ:PACHU) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 750,000 shares of the company’s stock, valued at approximately $7,504,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthspring Capital LLC acquired a new position in shares of Pioneer Acquisition I during the second quarter worth approximately $6,666,000. Timelo Investment Management Inc. acquired a new stake in Pioneer Acquisition I in the 2nd quarter valued at $600,000. Wolverine Asset Management LLC bought a new stake in Pioneer Acquisition I during the 2nd quarter valued at $2,762,000. Gritstone Asset Management LLC acquired a new position in Pioneer Acquisition I during the second quarter worth $700,000. Finally, Deltec Asset Management LLC bought a new position in shares of Pioneer Acquisition I in the second quarter valued at $100,000.

Analysts Set New Price Targets

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

Pioneer Acquisition I Trading Up 0.7%

PACHU opened at $10.25 on Friday. The company’s 50-day moving average is $10.07. Pioneer Acquisition I Corp has a 52-week low of $9.70 and a 52-week high of $10.39.

Pioneer Acquisition I Company Profile

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.