106,805 Shares in Pioneer Acquisition I Corp. $PACH Bought by Lineage Point Capital LP

Lineage Point Capital LP acquired a new position in shares of Pioneer Acquisition I Corp. (NASDAQ:PACH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 106,805 shares of the company’s stock, valued at approximately $1,073,000.

Other institutional investors have also made changes to their positions in the company. PenderFund Capital Management Ltd. acquired a new position in shares of Pioneer Acquisition I in the fourth quarter valued at $175,000. L1 Global Manager Pty Ltd bought a new position in shares of Pioneer Acquisition I during the fourth quarter worth approximately $245,000. ABC Arbitrage SA acquired a new stake in Pioneer Acquisition I during the 4th quarter worth approximately $251,000. Stoic Point Capital Management LLC acquired a new stake in shares of Pioneer Acquisition I during the fourth quarter worth $339,000. Finally, Centiva Capital LP acquired a new stake in Pioneer Acquisition I in the 3rd quarter worth about $497,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Pioneer Acquisition I from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Pioneer Acquisition I presently has an average rating of “Sell”.

Pioneer Acquisition I Price Performance

PACH stock opened at $10.23 on Friday. The firm has a 50-day moving average price of $10.20 and a 200-day moving average price of $10.14. Pioneer Acquisition I Corp. has a 12 month low of $9.94 and a 12 month high of $10.25.

Pioneer Acquisition I Company Profile

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.