Sculptor Capital LP acquired a new stake in PowerUp Acquisition Corp. (NASDAQ:PWUPU – Get Rating) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,000,000 shares of the company's stock, valued at approximately $10,060,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Glazer Capital LLC purchased a new stake in shares of PowerUp Acquisition during the 1st quarter worth approximately $20,133,000. Saba Capital Management L.P. purchased a new stake in shares of PowerUp Acquisition during the 1st quarter worth approximately $18,611,000. Highbridge Capital Management LLC purchased a new stake in shares of PowerUp Acquisition during the 1st quarter worth approximately $12,051,000. Verition Fund Management LLC purchased a new stake in shares of PowerUp Acquisition during the 1st quarter worth approximately $9,583,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of PowerUp Acquisition during the 1st quarter worth approximately $7,409,000.
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PowerUp Acquisition Stock Performance
Shares of PowerUp Acquisition stock opened at $10.13 on Thursday. PowerUp Acquisition Corp. has a 1 year low of $9.98 and a 1 year high of $11.22. The business has a 50 day moving average price of $10.10 and a 200 day moving average price of $10.08.
About PowerUp Acquisition
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PowerUp Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and acquire a business within the interactive media, digital media, sports, entertainment, and/or leisure areas.
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