SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Pacifico Acquisition Corp. (Nasdaq – PAFO)

BALA CYNWYD – April 6, 2022 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Pacifico Acquisition Corp. (“Pacifico” or the “Company”) (Nasdaq – PAFO) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which Pacifico, a special purpose acquisition company, will combine with Caravelle Group Co., Ltd (“Caravelle”), an ocean technology company providing international shipping services and a carbon-neutral solution for wood desiccation, and result in Caravelle becoming a publicly-listed company. Under the terms of the agreement, Pacifico shareholders ownership in the combined company will be diluted.

The investigation concerns whether the Pacifico Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.

If you own shares of Pacifico stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 877-534-2590.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.