Pacifico Acquisition Corp. and Caravelle Group Co., Ltd Announce Closing of Business Combination

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 December 19, 2022.

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