Pacifico Acquisition Corp. Pacifico Acquisition Corp. (NASDAQ:PAFOU) operates as a blank check company, or special purpose acquisition company (SPAC), whose principal business activity is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities; it does not have significant independent operations or products and services prior to completing such a transaction. Incorporated as a Delaware corporation in 2021 and headquartered in New York, New York, the company initially targeted operating businesses in and around the new energy, biotech, and education industries primarily in Asia excluding China. In December 2022, Pacifico Acquisition Corp. completed a reverse merger business combination with Caravelle Group Co., Ltd., a global ocean technology company focused on sustainable shipping solutions, resulting in the combined entity Caravelle International Group trading under the ticker CACO on Nasdaq; its units (PAFOU), common stock (PAFO), and rights (PAFOR) were suspended from trading following the transaction, though PAFOU shares continue to appear in select markets with recent extensions announced to prolong the period for potential further business combinations.