Wolverine Asset Management LLC Increases Stock Holdings in Freedom Acquisition I Corp. $FACT

Wolverine Asset Management LLC raised its stake in Freedom Acquisition I Corp. (NASDAQ:FACT) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 798,468 shares of the company’s stock after purchasing an additional 53,870 shares during the quarter. Wolverine Asset Management LLC’s holdings in Freedom Acquisition I were worth $8,312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FACT. Radcliffe Capital Management L.P. purchased a new position in shares of Freedom Acquisition I in the 3rd quarter valued at approximately $5,160,000. Goldman Sachs Group Inc. purchased a new position in shares of Freedom Acquisition I in the 1st quarter valued at approximately $4,232,000. Mangrove Partners IM LLC grew its stake in shares of Freedom Acquisition I by 164.6% in the 3rd quarter. Mangrove Partners IM LLC now owns 450,000 shares of the company’s stock valued at $4,644,000 after purchasing an additional 279,936 shares during the last quarter. Whitebox Advisors LLC purchased a new stake in shares of Freedom Acquisition I in the second quarter valued at approximately $2,572,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. boosted its stake in shares of Freedom Acquisition I by 41.7% in the second quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 849,950 shares of the company’s stock valued at $8,746,000 after buying an additional 249,950 shares in the last quarter. 55.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Freedom Acquisition I in a research note on Wednesday, April 8th. They issued a “sell (d)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Freedom Acquisition I Stock Performance

FACT opened at $10.56 on Monday. The business’s fifty day moving average is $10.52 and its two-hundred day moving average is $10.44. Freedom Acquisition I Corp. has a one year low of $10.10 and a one year high of $10.70.

Freedom Acquisition I Company Profile

Freedom Acquisition I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. Freedom Acquisition I Corp. was incorporated in 2020 and is based in New York, New York.