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Verition Fund Management LLC Takes $1.18 Million Position in Freedom Acquisition I Corp. (NYSE:FACT)

Defense World ·  Sep 21, 2022 06:12

Verition Fund Management LLC acquired a new stake in shares of Freedom Acquisition I Corp. (NYSE:FACT – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 120,461 shares of the company's stock, valued at approximately $1,181,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FACT. Integrity Capital Management HK Ltd bought a new position in Freedom Acquisition I during the 1st quarter valued at $49,000. Kohlberg Kravis Roberts & Co. L.P. acquired a new stake in Freedom Acquisition I in the 1st quarter valued at about $280,000. GAM Holding AG bought a new position in shares of Freedom Acquisition I during the 4th quarter valued at about $322,000. Berkley W R Corp grew its stake in shares of Freedom Acquisition I by 139.9% in the 1st quarter. Berkley W R Corp now owns 47,152 shares of the company's stock worth $463,000 after purchasing an additional 27,500 shares during the last quarter. Finally, Beryl Capital Management LLC bought a new stake in shares of Freedom Acquisition I in the 4th quarter worth approximately $484,000. Institutional investors own 50.72% of the company's stock.

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Freedom Acquisition I Stock Performance

Shares of NYSE:FACT opened at $9.91 on Wednesday. Freedom Acquisition I Corp. has a 1-year low of $9.65 and a 1-year high of $9.95. The company has a 50 day moving average price of $9.87 and a 200 day moving average price of $9.82.

About Freedom Acquisition I

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Freedom Acquisition I Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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Want to see what other hedge funds are holding FACT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Freedom Acquisition I Corp. (NYSE:FACT – Get Rating).

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