Clear Street Group Inc. Invests $3.09 Million in Armada Acquisition Corp. III $AACIU

Clear Street Group Inc. purchased a new position in shares of Armada Acquisition Corp. III (NASDAQ:AACIU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 293,158 shares of the company’s stock, valued at approximately $3,093,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AACIU. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in Armada Acquisition Corp. III in the 2nd quarter worth about $15,315,000. AQR Arbitrage LLC acquired a new position in shares of Armada Acquisition Corp. III during the second quarter valued at approximately $15,266,000. Clear Street LLC purchased a new position in shares of Armada Acquisition Corp. III in the second quarter valued at approximately $4,911,000. Karpus Management Inc. purchased a new position in shares of Armada Acquisition Corp. III in the second quarter valued at approximately $3,063,000. Finally, Mint Tower Capital Management B.V. acquired a new stake in shares of Armada Acquisition Corp. III in the second quarter worth approximately $2,553,000.

Armada Acquisition Corp. III Stock Down 0.1%

Shares of NASDAQ AACIU opened at $9.97 on Friday. The company has a 50-day moving average of $11.58 and a 200 day moving average of $11.33. Armada Acquisition Corp. III has a 12-month low of $9.95 and a 12-month high of $9.98.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Armada Acquisition Corp. III to a “hold” rating in a research report on Sunday, March 1st.

Armada Acquisition Corp. III Company Profile

Armada Acquisition Corp. III (NASDAQ: AACIU) is a special purpose acquisition company (SPAC), commonly referred to as a blank check company, that is organized to raise capital through a public offering and use those proceeds to effect one or more business combinations. As a publicly listed SPAC, its principal activity is sourcing, negotiating and completing a merger, capital stock exchange or other business combination with an operating company, rather than operating an ongoing commercial business of its own.

Typical SPAC activities include the issuance of units in an initial public offering, with the IPO proceeds placed in a trust account pending the completion of a qualifying business combination.