Magnetar Financial LLC bought a new stake in EGH Acquisition Corp. (NASDAQ:EGHA – Free Report) during the fourth quarter, HoldingsChannel reports. The fund bought 600,000 shares of the company’s stock, valued at approximately $6,084,000.
Other large investors have also recently bought and sold shares of the company. Periscope Capital Inc. boosted its position in EGH Acquisition by 26.6% in the fourth quarter. Periscope Capital Inc. now owns 253,146 shares of the company’s stock valued at $2,564,000 after buying an additional 53,146 shares during the last quarter. Clear Street Group Inc. boosted its position in EGH Acquisition by 4,341.2% in the fourth quarter. Clear Street Group Inc. now owns 264,473 shares of the company’s stock valued at $2,679,000 after buying an additional 258,518 shares during the last quarter. Westchester Capital Management LLC boosted its position in EGH Acquisition by 30.0% in the fourth quarter. Westchester Capital Management LLC now owns 325,000 shares of the company’s stock valued at $3,295,000 after buying an additional 75,000 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new stake in EGH Acquisition in the fourth quarter valued at approximately $304,000.
EGH Acquisition Stock Performance
Shares of NASDAQ EGHA opened at $10.33 on Wednesday. The firm has a 50 day moving average price of $10.29. EGH Acquisition Corp. has a 52 week low of $9.31 and a 52 week high of $10.80.
EGH Acquisition Profile
EGH Acquisition (NASDAQ: EGHA) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and combine with one or more businesses. As a blank‑check vehicle, the company’s primary business activity is to raise capital through an initial public offering and to seek qualifying target companies for a business combination that would result in the target becoming a publicly listed entity.
Like other SPACs, EGH Acquisition typically holds the proceeds of its offering in trust while it evaluates potential targets and transaction structures.
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