Wealthspring Capital LLC acquired a new stake in shares of Inflection Point Acquisition Corp. III (NASDAQ:IPCX – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 531,960 shares of the company’s stock, valued at approximately $5,357,000.
Separately, Hudson Bay Capital Management LP purchased a new position in Inflection Point Acquisition Corp. III in the second quarter worth $4,848,000.
Inflection Point Acquisition Corp. III Price Performance
Shares of Inflection Point Acquisition Corp. III stock opened at $10.14 on Wednesday. Inflection Point Acquisition Corp. III has a 52-week low of $10.05 and a 52-week high of $10.35. The firm has a fifty day simple moving average of $10.16.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a research report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Inflection Point Acquisition Corp. III presently has a consensus rating of “Sell”.
View Our Latest Stock Report on IPCX
Inflection Point Acquisition Corp. III Profile
Inflection Point Acquisition Corp. III (NASDAQ: IPCX) 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 for the purpose of effecting a merger, acquisition, capital stock exchange, asset purchase, reorganization or similar business combination. As a SPAC, it does not operate a conventional operating business; instead, its principal objective is to identify and combine with one or more operating businesses that will become publicly listed through the transaction.
Like many SPACs, Inflection Point Acquisition Corp.
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