125,000 Shares in A Paradise Acquisition Corp. $APAD Acquired by K2 Principal Fund L.P.

K2 Principal Fund L.P. purchased a new position in A Paradise Acquisition Corp. (NASDAQ:APAD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 125,000 shares of the company’s stock, valued at approximately $1,256,000. K2 Principal Fund L.P. owned 0.61% of A Paradise Acquisition at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Arax Advisory Partners purchased a new position in A Paradise Acquisition in the 4th quarter worth approximately $39,000. Westchester Capital Management LLC increased its stake in A Paradise Acquisition by 92.0% in the 4th quarter. Westchester Capital Management LLC now owns 521,794 shares of the company’s stock worth $5,244,000 after purchasing an additional 250,000 shares during the period. Berkley W R Corp increased its stake in A Paradise Acquisition by 99.9% in the 4th quarter. Berkley W R Corp now owns 198,280 shares of the company’s stock worth $1,993,000 after purchasing an additional 99,090 shares during the period. Hudson Bay Capital Management LP increased its stake in A Paradise Acquisition by 178.5% in the 4th quarter. Hudson Bay Capital Management LP now owns 417,756 shares of the company’s stock worth $4,198,000 after purchasing an additional 267,756 shares during the period. Finally, First Trust Capital Management L.P. purchased a new position in A Paradise Acquisition in the 4th quarter worth approximately $502,000.

A Paradise Acquisition Stock Performance

Shares of APAD stock opened at $8.03 on Friday. A Paradise Acquisition Corp. has a fifty-two week low of $7.50 and a fifty-two week high of $14.00. The stock has a 50 day simple moving average of $9.08.

A Paradise Acquisition (NASDAQ:APAD) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.08 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded A Paradise Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

A Paradise Acquisition Company Profile

A Paradise Acquisition (NASDAQ: APAD) is a special-purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.

Like other acquisition companies, A Paradise Acquisition’s typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.