caravelle international group shares were recently up 16 to 486 in their first trading day after a blankcheck company merger with an intraday range of 456 to 936 the stock was briefly paused several times due to volatility caravelle provides shipping services and has developed technology to use a ships engine heat to dry lumber during transport it said monday that potential revenue sources include charging for wood drying selling a byproduct of the drying process and selling carbon tax credits pacifico acquisition corp said late friday that it completed the combination with caravelle pacifico shares fell 47 on friday