Castle Creek Arbitrage LLC Invests $2.71 Million in Trinity Merger Corp. Units (OTCMKTS:TMCXU)

Castle Creek Arbitrage LLC acquired a new position in Trinity Merger Corp. Units (OTCMKTS:TMCXU) during the third quarter, HoldingsChannel reports. The firm acquired 231,641 shares of the company’s stock, valued at approximately $2,706,000.

Separately, Cowen Inc. raised its holdings in shares of Trinity Merger Corp. Units by 8.0% in the 2nd quarter. Cowen Inc. now owns 135,240 shares of the company’s stock worth $1,437,000 after purchasing an additional 10,000 shares during the period.

Shares of Trinity Merger Corp. Units stock traded down $0.81 during trading hours on Friday, reaching $11.31. The stock had a trading volume of 1,600 shares, compared to its average volume of 28,586. The firm has a 50 day simple moving average of $11.60 and a two-hundred day simple moving average of $10.93. Trinity Merger Corp. Units has a 1 year low of $10.12 and a 1 year high of $12.18.

Trinity Merger Corp. Units Company Profile

Trinity Merger Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination candidates with a real estate component. The company was incorporated in 2018 and is based in Honolulu, Hawaii.

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