Polar Asset Management Partners Inc. Buys New Stake in GP-Act III Acquisition Corp. (NASDAQ:GPAT)

Polar Asset Management Partners Inc. purchased a new position in GP-Act III Acquisition Corp. (NASDAQ:GPAT) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,674,996 shares of the company’s stock, valued at approximately $16,884,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GPAT. Dakota Wealth Management bought a new position in shares of GP-Act III Acquisition during the 3rd quarter worth about $488,000. Verition Fund Management LLC acquired a new stake in GP-Act III Acquisition in the 3rd quarter valued at $1,506,000. PNC Financial Services Group Inc. acquired a new position in shares of GP-Act III Acquisition during the 3rd quarter worth approximately $1,613,000. Wealthspring Capital LLC acquired a new position in shares of GP-Act III Acquisition during the 3rd quarter worth about $2,560,000. Finally, Glazer Capital LLC bought a new position in shares of GP-Act III Acquisition in the third quarter valued at about $2,672,000.

GP-Act III Acquisition Price Performance

Shares of GPAT stock opened at $10.14 on Wednesday. GP-Act III Acquisition Corp. has a 1 year low of $9.98 and a 1 year high of $10.15. The company has a 50 day moving average of $10.08.

About GP-Act III Acquisition

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect 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.