Verition Fund Management LLC purchased a new stake in Parabellum Acquisition Corp. (NYSE:PRBM – Get Rating) during the 1st quarter, Holdings Channel reports. The fund purchased 157,904 shares of the company's stock, valued at approximately $1,551,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Saba Capital Management L.P. lifted its stake in shares of Parabellum Acquisition by 18.0% during the fourth quarter. Saba Capital Management L.P. now owns 761,420 shares of the company's stock valued at $7,424,000 after buying an additional 116,152 shares during the period. Beryl Capital Management LLC lifted its stake in shares of Parabellum Acquisition by 347.2% during the fourth quarter. Beryl Capital Management LLC now owns 670,864 shares of the company's stock valued at $6,541,000 after buying an additional 520,864 shares during the period. Basso Capital Management L.P. lifted its stake in shares of Parabellum Acquisition by 53.6% during the first quarter. Basso Capital Management L.P. now owns 9,748 shares of the company's stock valued at $96,000 after buying an additional 3,400 shares during the period. Finally, Fir Tree Capital Management LP lifted its stake in shares of Parabellum Acquisition by 29.0% during the first quarter. Fir Tree Capital Management LP now owns 773,321 shares of the company's stock valued at $7,598,000 after buying an additional 173,621 shares during the period. Hedge funds and other institutional investors own 60.66% of the company's stock.

Parabellum Acquisition Price Performance

Shares of PRBM opened at $9.89 on Tuesday. The company's 50 day simple moving average is $9.89 and its 200 day simple moving average is $9.86. Parabellum Acquisition Corp. has a 1 year low of $9.73 and a 1 year high of $10.05.

Parabellum Acquisition Company Profile

Parabellum Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Dallas, Texas.

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