NEW YORK, Dec. 16, 2022 (GLOBE NEWSWIRE) -- Pacifico Acquisition Corp. (NASDAQ:PAFOU, "Pacifico, " or the "Company"))), a special purpose acquisition company, and Caravelle Group Co., Ltd ("Caravelle"), a global ocean technology company, today announced the completion of their previously announced business combination (the "Business Combination"). The Business Combination was approved by Pacifico's shareholders on November 30, 2022. Upon completion of the Business Combination, Caravelle International Group, the combined company, will be a publicly traded entity. The combined company's ordinary shares are expected to commence trading on the Nasdaq Capital Market under the symbol "CACO" on

NEW YORK, Dec. 14, 2022 /PRNewswire/ -- Pacifico Acquisition Corp. (NASDAQ:PAFOU, the ", Company", ))) announced today that its sponsor, Pacifico Capital LLC (the "Sponsor"), notified the Company that if the Company does not complete a business combination by December 16, 2022, the Sponsor intends to deposit into the Company's trust account a principal amount of $575,000, representing approximately $0.10 per share of common stock, in order to extend the period of time the Company has to complete a business combination for an additional three (3) months period, from December 16, 2022 to March 16, 2023. The extension is the second of up to two three-month extensions permitted under the Company

NEW YORK, Dec. 7, 2022 /PRNewswire/ -- Pacifico Acquisition Corp. (NASDAQ:PAFO, ", Pacifico", ))), a publicly traded special purpose acquisition company, today announced that Pacifico and Caravelle Group Co., Ltd ("Caravelle"), an ocean technology company providing international shipping services and a carbon-neutral solution for wood desiccation, are postponing the closing of the business combination due to certain closing conditions not yet being satisfied. Pacifico is working towards to close the transaction within 30 calendar days. About Caravelle Group Co., Ltd Caravelle Group Co., Ltd ("Caravelle") is a world-leading ocean technology firm providing a carbon-neutral solutions to the tra

NEW YORK, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Pacifico Acquisition Corp. (NASDAQ:PAFO, "Pacifico"))), a publicly traded special purpose acquisition company, today announced that Pacifico's stockholders voted to approve its proposed business combination with Caravelle Group Co., Ltd ("Caravelle"), an ocean technology company providing international shipping services and a carbon-neutral solution for wood desiccation. At the special meeting of stockholders on November 30, 2022, a total of 6,194,813 ordinary shares, or 82.65% of Pacifico's issued and outstanding ordinary shares as of October 17, 2022, the record date of the extraordinary general meeting, were present either in person or re

Caravelle Group Co., Ltd ("Caravelle") is an ocean technology company providing international shipping services and carbon-neutral solutions for wood desiccation.Caravelle has developed and commercialized its CO-Tech solution, a novel approach toward shipping time, space, and the repurposing of engine heat and biproducts to reduce carbon emissions.The business combination of Caravelle and Pacifico Acquisition Corp. ("Pacifico") has a pro forma enterprise value of approximately $527 million.Transaction expected to provide approximately $100 million of cash proceeds, including an anticipated $60 million PIPE and up to $58 million of cash held in the trust account of Pacifico assuming no redemp

SHANGHAI, March 1, 2022 /PRNewswire/ -- Caravelle, a global carbon-neutral ocean-going technology company, has signed a letter of intent with Pacifico Acquisition Corp. (NASDAQ:PAFO) on December 31, 2021, EST. Caravelle will be expected to be listed on NASDAQ. At the same time, a number of private equity funds participated in PIPE. Clearly, Caravelle is becoming the first Nasdaq stock on the high seas economic track for carbon neutral oceans. Caravelle is a global ocean transportation technology company, and its Co-Tech solution (Carbon-neutral Ocean transportation technology) actively utilize huge idle time and space in ocean transportation. The waste heat of the tail gas in the marine ship

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425 - Pacifico Acquisition Corp. (0001858414) (Subject)

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