Lucosky Brookman Successfully Represents Chardan Capital Markets LLC in connection with a $527 Millon SPAC transaction by and between Caravelle Group Co. Ltd. and Pacifico Acquisition Corp.
Lucosky Brookman LLP congratulates its client Chardan Capital Markets LLC for its invaluable work closing the business combination between 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. The business combination was approved by Pacifico’s shareholders on November 30, 2022. Upon completion of the cusiness combination, Caravelle International Group, the combined company, became a publicly traded entity. The combined company’s ordinary shares commenced trading on the Nasdaq Capital Market under the symbol "CACO" on December 19, 2022.
Edward Cong Wang, Chief Executive Officer of Pacifico commented, "We are excited to complete the business combination between Pacifico and Caravelle. We are confident that, post business combination, Caravelle is well positioned to bring new growth opportunities to the industry and generate more value for shareholders."
Lucosky Brookman LLP served as a legal advisor to Chardan Capital Markets LLC.