Pacifico Acquisition Corp.
PAFO
NASDAQ Capital Market4.20
USD
-3.73
- -
CIK
0001858414
ISIN
US69512X1037
CUSIP
69512X103
Return %
Stock
S&P500
1Y
-57.75
26.84
3Y
-57.22
77.03
5Y
-57.22
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 521 Fifth Avenue New York City NY United States of America 10175
- IPO Date
- Sep 27, 2021
- CIK
- 0001858414
- Similar Companies
- Business
- Pacifico Acquisition Corp. (NASDAQ:PAFO) operates as a blank check company whose principal business activity focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar initial business combination with one or more businesses; it targets operating companies primarily in the new energy, biotechnology, and education sectors in Asia, excluding China. The company offers no current products or services beyond its SPAC structure, including redeemable units comprising one share of common stock and one right convertible into one-tenth of one share upon consummation of an initial business combination, with common stock and rights trading separately under symbols PAFO and PAFOR. Founded in 2021 and headquartered in New York, NY, Pacifico conducts no significant operations, generates no revenue, and maintains minimal employees while its shares trade on Nasdaq with a market capitalization around $31 million. In late 2022, Pacifico shareholders approved and completed a business combination with Caravelle Group Co., Ltd, an ocean technology and shipping firm valued at $527 million, resulting in Caravelle International Group (NASDAQ:CACO); however, high redemptions exceeding 99% of public shares left minimal cash proceeds, prompting transaction delays, extensions to March 2023, and eventual failure to sustain the merged entity under the PAFO ticker, with the company now flagged for potential delisting as it seeks new opportunities without recent funding rounds, acquisitions, or operational shifts.
Pacifico (PAFO) Stock Jumps 20% on Caravelle SPAC Merger News