Caravelle Group to go public via a SPAC merger with Pacifico Acquisition in a $527m deal.

Caravelle Group, an ocean technology company providing international shipping services, to go public via a SPAC merger with Pacifico Acquisition, a blank cheque company, in a $527m deal. "Being what we believe will be the first ocean-carbon neutral technology public company on Nasdaq, Caravelle hopes to jump start the ocean economy and carbon neutral technology into exponential growth, as well as achieve ESG goals in the ocean transportation industry," Guohua Zhang, Caravelle CEO.