Pacifico Acquisition Corp. (PAFO) Signs Letter of Intent with Caravelle

Paciifico (NASDAQ:PAFO) has signed a letter of intent (LOI) to combine with sustainable shipping company Caravelle. Singapore-based Caravelle has developed a technology for drying wet lumber aboard shipping vessels to reduce emissions and processing times. Transaction Overview Pacifico has about $57.5 million in trust and has supplemented this with a private equity-funded PIPE of undisclosed
Read More