Pacifico Acquisition Corp.
PAFOR
NASDAQ Capital Market0.40
USD
+0.04
- -
Pacifico Acquisition Corp.
PAFOR
(NASDAQ Capital Market)
Recent
price
0.40
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Pacifico Acquisition Corp. (PAFOR) operates as rights associated with the common stock of Pacifico Acquisition Corp., a blank check company whose units, common shares, and rights trade separately on Nasdaq; provides one right per unit exercisable for one-tenth of one share upon a successful business combination or automatically convertible under certain conditions. The underlying entity, formed in 2021 and headquartered in New York City, New York, pursues mergers, share exchanges, asset acquisitions, stock purchases, recapitalizations, reorganizations, or similar combinations targeting operating businesses in new energy, biotech, and education sectors primarily in Asia excluding China; no revenue generation or operations commenced prior to combination activities. In December 2022, Pacifico completed a business combination with Caravelle Group Co., Ltd, an ocean technology firm offering shipping services and carbon-neutral wood desiccation solutions; post-merger, Pacifico's common stock and units ceased trading while rights persist, with the combined entity Caravelle International Group trading as CACO on Nasdaq Capital Market, domiciled in the Cayman Islands. Shareholders approved the transaction on November 30, 2022, following a definitive agreement announced in April 2022 valuing the pro forma enterprise at approximately $527 million, though 99.56% of public shares redeemed left minimal outstanding public float; no further combinations, funding rounds, or strategic shifts reported for Pacifico post-merger. PAFOR trades at approximately $0.40 as of late 2025 with low liquidity, reflecting legacy SPAC rights structure amid delisting risks for the successor entity due to prior minimum bid price noncompliance.