Caravelle International Group (CACO)

[makinezmoney]

$CACO: DeSPAC'ed today from PAFOU.... now at 6.40

https://www.globenewswire.com/news-release/2022/12/16/2575790/0/en/Pacifico-Acquisition-Corp-and-Caravelle-Group-Co-Ltd-Announce-Closing-of-Business-Combination.html


GO $CACO


Caravelle International Group Begins Trading on NASDAQ Under the Ticker CACO
Mon, December 19, 2022 at 3:00 PM GMT+1·2 min read
NEW YORK, Dec. 19, 2022 /PRNewswire/ -- Caravelle International Group ("Caravelle"), a global ocean technology company, today announced that the company has begun trading on the NASDAQ under the ticker symbol CACO following the successful completion of the business combination with Pacifico Acquisition Corp.

"I am thrilled to begin trading on the NASDAQ and welcome all of our new investors," said Dr. Guohua Zhang, Chief Executive Officer of Caravelle. "We have a strong legacy as a growing and profitable shipping company."

"Making our story even more exciting, we have developed proprietary technology enabling us to use the ship's engine heat to dry lumber during transport," continued Dr. Zhang. "We believe that it will make us the world's first carbon neutral shipping company. Importantly for shareholders, we see large profit potential as we open new revenue sources from charging for the wood drying, selling a by-product of the wood drying process and from selling carbon tax credits."

About Caravelle International Group

Caravelle is a global ocean technology company. Its business comprises of two sectors: the traditional business in international shipping, operated by the Topsheen Companies (Topsheen Shipping Group Corporation (Samoa) and its subsidiaries) and the new CO-Tech business under Singapore Garden Technology Pte. Ltd. As the traditional business, Caravelle's international shipping business has generated all revenues. The CO-Tech business is a new development building upon the existing shipping business. It enables wood desiccation during the maritime shipping process, with full utilization of the shipping time, space, and the waste heat of exhaust gas from the shipping vessels. Caravelle's CO-Tech industry has no historical operations and has not generated revenue. Caravelle is headquartered in Singapore.