Magnetar Financial LLC Makes New $10.01 Million Investment in Pioneer Acquisition I Corp $PACHU

Magnetar Financial LLC bought a new position in Pioneer Acquisition I Corp (NASDAQ:PACHU) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,000,000 shares of the company’s stock, valued at approximately $10,010,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthspring Capital LLC purchased a new position in Pioneer Acquisition I during the second quarter worth about $6,666,000. Mint Tower Capital Management B.V. acquired a new position in Pioneer Acquisition I during the 2nd quarter worth approximately $4,002,000. Gritstone Asset Management LLC purchased a new position in shares of Pioneer Acquisition I during the 2nd quarter worth approximately $700,000. Alberta Investment Management Corp acquired a new stake in shares of Pioneer Acquisition I in the 2nd quarter valued at approximately $5,005,000. Finally, MMCAP International Inc. SPC acquired a new stake in shares of Pioneer Acquisition I in the 2nd quarter valued at approximately $7,504,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut 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 $10.55 on Friday. Pioneer Acquisition I Corp has a 52 week low of $9.70 and a 52 week high of $10.55. The company has a 50-day simple moving average of $10.16.

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.