Mint Tower Capital Management B.V. bought a new stake in shares of Pioneer Acquisition I Corp. (NASDAQ:PACH – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 400,000 shares of the company’s stock, valued at approximately $4,020,000. Mint Tower Capital Management B.V. owned 1.27% of Pioneer Acquisition I as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of PACH. Linden Advisors LP bought a new stake in shares of Pioneer Acquisition I during the 3rd quarter valued at $9,940,000. AQR Arbitrage LLC bought a new stake in shares of Pioneer Acquisition I during the 3rd quarter valued at $9,787,000. Two Sigma Investments LP bought a new stake in shares of Pioneer Acquisition I during the 3rd quarter valued at $7,927,000. MMCAP International Inc. SPC bought a new stake in shares of Pioneer Acquisition I during the 4th quarter valued at $7,538,000. Finally, Clear Street Group Inc. bought a new stake in shares of Pioneer Acquisition I during the 3rd quarter valued at $7,202,000.
Pioneer Acquisition I Stock Down 0.1%
Shares of Pioneer Acquisition I stock opened at $10.24 on Friday. Pioneer Acquisition I Corp. has a 1-year low of $9.94 and a 1-year high of $10.25. The company has a 50 day moving average of $10.19 and a 200-day moving average of $10.14.
Analyst Ratings Changes
Read Our Latest Report on PACH
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.
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