Rivernorth Capital Management LLC Takes $1.51 Million Position in Cantor Equity Partners VII, Inc. $CAES

Rivernorth Capital Management LLC acquired a new stake in Cantor Equity Partners VII, Inc. (NASDAQ:CAES) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 150,000 shares of the company’s stock, valued at approximately $1,510,000. Rivernorth Capital Management LLC owned approximately 0.47% of Cantor Equity Partners VII at the end of the most recent reporting period.

Separately, Moore Capital Management LP bought a new position in Cantor Equity Partners VII during the 2nd quarter worth about $2,018,000.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Cantor Equity Partners VII to a “hold” rating in a report on Saturday, June 27th.

Cantor Equity Partners VII Stock Performance

Shares of NASDAQ:CAES opened at $10.11 on Monday. Cantor Equity Partners VII, Inc. has a 12-month low of $10.05 and a 12-month high of $10.17. The firm has a fifty day moving average of $10.08.

Cantor Equity Partners VII Profile

Cantor Equity Partners VII is a special purpose acquisition company, or SPAC, formed to pursue a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank check company, it does not have operations of its own and is focused on identifying and completing an initial transaction with a target company.

The company was organized by affiliates of Cantor Fitzgerald, a financial services firm with a long history in capital markets and investment banking.