Pioneer Acquisition I Corp’s Lock-Up Period Set To Expire on December 15th (NASDAQ:PACHU)

Pioneer Acquisition I’s (NASDAQ:PACHU) lock-up period will end on Monday, December 15th. Pioneer Acquisition I had issued 22,000,000 shares in its IPO on June 18th. The total size of the offering was $220,000,000 based on an initial share price of $10.00. After the end of Pioneer Acquisition I’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

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 Stock Performance

Shares of NASDAQ:PACHU opened at $10.18 on Wednesday. The company’s fifty day moving average is $10.22. Pioneer Acquisition I has a one year low of $9.70 and a one year high of $10.55.

Institutional Trading of Pioneer Acquisition I

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deltec Asset Management LLC acquired a new position in Pioneer Acquisition I in the 2nd quarter valued at about $100,000. PenderFund Capital Management Ltd. grew its holdings in shares of Pioneer Acquisition I by 248.0% during the third quarter. PenderFund Capital Management Ltd. now owns 17,400 shares of the company’s stock worth $175,000 after buying an additional 12,400 shares in the last quarter. Meteora Capital LLC acquired a new position in shares of Pioneer Acquisition I in the second quarter valued at approximately $300,000. Crossingbridge Advisors LLC acquired a new position in shares of Pioneer Acquisition I in the second quarter valued at approximately $488,000. Finally, Parallax Volatility Advisers L.P. lifted its stake in shares of Pioneer Acquisition I by 67.8% during the third quarter. Parallax Volatility Advisers L.P. now owns 58,744 shares of the company’s stock valued at $590,000 after buying an additional 23,744 shares during the period.

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.