GP-Act III Acquisition Corp. (NASDAQ:GPAT) Shares Sold by Periscope Capital Inc.

Periscope Capital Inc. cut its holdings in GP-Act III Acquisition Corp. (NASDAQ:GPAT) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 225,000 shares of the company’s stock after selling 50,000 shares during the quarter. GP-Act III Acquisition comprises 1.3% of Periscope Capital Inc.’s holdings, making the stock its 22nd largest position. Periscope Capital Inc.’s holdings in GP-Act III Acquisition were worth $2,282,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. HGC Investment Management Inc. purchased a new stake in GP-Act III Acquisition during the 3rd quarter worth approximately $24,948,000. Polar Asset Management Partners Inc. purchased a new stake in shares of GP-Act III Acquisition during the third quarter valued at $16,884,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in GP-Act III Acquisition during the 3rd quarter worth about $13,099,000. Westchester Capital Management LLC purchased a new stake in GP-Act III Acquisition during the 3rd quarter valued at about $5,533,000. Finally, Rivernorth Capital Management LLC acquired a new position in shares of GP-Act III Acquisition in the third quarter valued at about $4,548,000.

GP-Act III Acquisition Stock Up 0.9 %

GP-Act III Acquisition stock opened at $10.35 on Monday. The stock has a 50-day moving average price of $10.24 and a 200 day moving average price of $10.14. GP-Act III Acquisition Corp. has a 52 week low of $9.98 and a 52 week high of $10.30.

GP-Act III Acquisition Company Profile

GP-Act III Acquisition Corp. operates as a blank check company, which was created for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on November 23, 2020 and is headquartered in New York, NY.