Lineage Point Capital LP Takes Position in Pioneer Acquisition I Corp $PACHU

Lineage Point Capital LP bought a new position in shares of Pioneer Acquisition I Corp (NASDAQ:PACHU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,867 shares of the company’s stock, valued at approximately $521,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PenderFund Capital Management Ltd. grew its position in Pioneer Acquisition I by 248.0% during the 3rd quarter. PenderFund Capital Management Ltd. now owns 17,400 shares of the company’s stock worth $175,000 after purchasing an additional 12,400 shares during the last quarter. Clear Street Group Inc. boosted its stake in shares of Pioneer Acquisition I by 5,977.3% during the fourth quarter. Clear Street Group Inc. now owns 14,160 shares of the company’s stock worth $145,000 after buying an additional 13,927 shares during the period. Parallax Volatility Advisers L.P. boosted 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 worth $590,000 after buying an additional 23,744 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Pioneer Acquisition I during the second quarter worth about $1,001,000. Finally, Jain Global LLC grew its holdings in shares of Pioneer Acquisition I by 29.7% during the third quarter. Jain Global LLC now owns 500,000 shares of the company’s stock worth $5,025,000 after buying an additional 114,418 shares during the last quarter.

Pioneer Acquisition I Stock Performance

Shares of PACHU stock opened at $10.31 on Friday. The stock’s 50-day moving average price is $10.30 and its 200 day moving average price is $10.25. Pioneer Acquisition I Corp has a 52-week low of $9.70 and a 52-week high of $11.20.

Pioneer Acquisition I Profile

Pioneer Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands in 2023. As a blank check company, it has no commercial operations of its own and was formed solely to raise capital for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

In its initial public offering, Pioneer Acquisition I sold 20 million units at a price of $10.00 per unit.