Magnetar Financial LLC Invests $6.08 Million in EGH Acquisition Corp. $EGHA

Magnetar Financial LLC purchased a new position in shares of EGH Acquisition Corp. (NASDAQ:EGHA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 600,000 shares of the company’s stock, valued at approximately $6,084,000. Magnetar Financial LLC owned about 2.93% of EGH Acquisition as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. ABC Arbitrage SA purchased a new stake in shares of EGH Acquisition during the fourth quarter worth about $304,000. Periscope Capital Inc. grew its stake in shares of EGH Acquisition by 26.6% during the fourth quarter. Periscope Capital Inc. now owns 253,146 shares of the company’s stock worth $2,564,000 after acquiring an additional 53,146 shares during the last quarter. Westchester Capital Management LLC grew its stake in shares of EGH Acquisition by 30.0% during the fourth quarter. Westchester Capital Management LLC now owns 325,000 shares of the company’s stock worth $3,295,000 after acquiring an additional 75,000 shares during the last quarter. Finally, Clear Street Group Inc. grew its stake in shares of EGH Acquisition by 4,341.2% during the fourth quarter. Clear Street Group Inc. now owns 264,473 shares of the company’s stock worth $2,679,000 after acquiring an additional 258,518 shares during the last quarter.

EGH Acquisition Stock Performance

Shares of EGHA stock opened at $10.33 on Wednesday. EGH Acquisition Corp. has a fifty-two week low of $9.31 and a fifty-two week high of $10.80. The business’s 50-day simple moving average is $10.29.

EGH Acquisition Company 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.