Pacifico Acquisition Corp. (PAFO) to Combine with Caravelle in $527M Deal

Pacifico (NASDAQ:PAFO) pushed forward with its letter of intent (LOI) and has now signed a definitive agreement to combine with sustainable shipping company Caravelle at an enterprise value of $527 million. Singapore-based Caravelle has developed a technology for drying wet lumber aboard shipping vessels to reduce emissions and processing times. The combined company is expected
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