MMCAP International Inc. SPC Purchases Shares of 750,000 Cantor Equity Partners III, Inc. $CAEP

MMCAP International Inc. SPC acquired a new position in shares of Cantor Equity Partners III, Inc. (NASDAQ:CAEP) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 750,000 shares of the company’s stock, valued at approximately $7,912,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthspring Capital LLC purchased a new position in shares of Cantor Equity Partners III in the 2nd quarter worth about $2,638,000. Wolverine Asset Management LLC acquired a new stake in Cantor Equity Partners III during the 2nd quarter worth approximately $1,213,000. Tuttle Capital Management LLC purchased a new position in Cantor Equity Partners III in the second quarter valued at approximately $316,000. Cannon Global Investment Management LLC acquired a new position in Cantor Equity Partners III during the second quarter valued at approximately $127,000. Finally, Timelo Investment Management Inc. purchased a new stake in Cantor Equity Partners III during the second quarter worth approximately $106,000.

Cantor Equity Partners III Price Performance

NASDAQ CAEP opened at $10.23 on Friday. Cantor Equity Partners III, Inc. has a fifty-two week low of $10.18 and a fifty-two week high of $11.09. The business has a 50 day moving average of $10.47.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Cantor Equity Partners III in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Cantor Equity Partners III Profile

We are a blank check company incorporated on November 11, 2020 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.