Item 8.01 Other Events.
On December 15, 2022, Pioneer Merger Corp., a Cayman Islands exempted company
(the "Company"), decided that it will redeem all of its outstanding Class A
ordinary shares, effective as of January 13, 2023, because the Company's Board
of Directors has concluded that the Company will not be able consummate an
initial business combination within the time period required by its Amended and
Restated Memorandum and Articles of Association. As previously disclosed in its
periodic reports filed with the Securities and Exchange Commission, if the
Company does not complete an initial business combination, upon redemption of
the Class A ordinary shares the Company will distribute, on account of each
Class A ordinary share, such share's pro rata portion of the Company's trust
account (after permitted withdrawals) and no other amounts. Based on the balance
of the Company's trust account as of December 15, 2022, such amount per share is
expected to be $10.10 plus interest accrued through January 12, 2022. Upon such
redemption, the rights as shareholders of the Class A ordinary shares will
completely extinguish.
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PIONEER MERGER CORP. 
