Pacifico and Caravelle Postpone Closing of Merger Transaction

NEW YORK, Dec. 7, 2022 /PRNewswire/ -- Pacifico Acquisition Corp. (Nasdaq: PAFO; "Pacifico"), a publicly traded special purpose acquisition company, today announced that Pacifico and Caravelle Group Co., Ltd ("Caravelle"), an ocean technology company providing international shipping services and a carbon-neutral solution for wood desiccation, are postponing the closing of the business combination due to certain closing conditions not yet being satisfied. Pacifico is working towards to close the transaction within 30 calendar days.