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Lynwood Capital Management Inc. Lowers Position in SportsMap Tech Acquisition Corp. (NASDAQ:SMAPU)

Financial News Live ·  Oct 19, 2022 16:01

Lynwood Capital Management Inc. cut its stake in shares of SportsMap Tech Acquisition Corp. (NASDAQ:SMAPU – Get Rating) by 32.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,000 shares of the company's stock after selling 23,999 shares during the period. Lynwood Capital Management Inc.'s holdings in SportsMap Tech Acquisition were worth $498,000 at the end of the most recent quarter.

Separately, Wolverine Asset Management LLC purchased a new position in SportsMap Tech Acquisition during the first quarter valued at $65,000.

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SportsMap Tech Acquisition Price Performance

Shares of SportsMap Tech Acquisition stock remained flat at $10.03 during trading hours on Wednesday. The business's 50-day moving average price is $10.04 and its two-hundred day moving average price is $10.05. SportsMap Tech Acquisition Corp. has a 52-week low of $9.90 and a 52-week high of $11.16.

SportsMap Tech Acquisition Company Profile

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SportsMap Tech Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is headquartered in Houston, Texas.

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