NASDAQ-NMS:PAFOU

Pacifico Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

Retrieved on: 
Friday, September 16, 2022
United States Army Acquisition Corps, Company, Time, Acquisition, Industry, NASDAQ, Bank

The Company issued an unsecured promissory note in an amount of $575,000 to Caravelle.

Key Points: 
  • The Company issued an unsecured promissory note in an amount of $575,000 to Caravelle.
  • The promissory note bears no interest and is payable promptly after the date on which the Company consummates an initial business combination with Caravelle.
  • The purpose of the extension is to provide time for the Company to complete a business combination.
  • Pacifico Acquisition Corp. is a Delaware corporation incorporated as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.

Caravelle Group Co., Ltd, an Ocean Technology and Shipping Company, to Become Publicly Traded via Merger with Pacifico Acquisition Corp.

Retrieved on: 
Wednesday, April 6, 2022
EBITDA, Company, Proxy, LLP, Sale, NEW, Form, Fifth Avenue, Desiccation, Forward-looking statement, Transport, Growth, Ownership, Register, Singapore, SPAC, ESG, SEC, Risk, Wood, Environment, PIPE, CEO, Failure, Carbon, Name, File, Prospectus, Private Securities Litigation Reform Act, Industry, Technology, Acquisition, Goal, Securities Act of 1933, U.S. Securities and Exchange Commission, Lists of countries and territories, China Hi-Tech Group Co., Ltd., F-4, Registration statement, Renewable energy, Security (finance), Bank, Nasdaq

Caravelle Group Co., Ltd ("Caravelle") is an ocean technology company providing international shipping services and carbon-neutral solutions for wood desiccation.

Key Points: 
  • Caravelle Group Co., Ltd ("Caravelle") is an ocean technology company providing international shipping services and carbon-neutral solutions for wood desiccation.
  • The business combination of Caravelle and Pacifico Acquisition Corp. ("Pacifico") has a pro forma enterprise value of approximately $527 million.
  • Caravelle is an ocean technology company providing international shipping services and carbon-neutral solutions for wood desiccation (the "CO-Tech solution").
  • Neither Caravelle Pacifico gives any assurance that either Caravelle, Pacifico or the combined company will achieve its expectations.