MMCAP International Inc. SPC decreased its holdings in International Media Acquisition Corp. (NASDAQ:IMAQ) by 20.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,900,000 shares of the company's stock after selling 500,000 shares during the quarter. International Media Acquisition makes up approximately 1.5% of MMCAP International Inc. SPC's holdings, making the stock its 5th largest holding. MMCAP International Inc. SPC owned 0.06% of International Media Acquisition worth $18,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Glazer Capital LLC purchased a new stake in International Media Acquisition in the 1st quarter valued at about $554,000. Blackstone Inc. purchased a new stake in International Media Acquisition in the 1st quarter valued at about $852,000. Spartan Fund Management Inc. purchased a new stake in International Media Acquisition in the 1st quarter valued at about $1,239,000. Goldman Sachs Group Inc. grew its holdings in International Media Acquisition by 50.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 131,314 shares of the company's stock valued at $1,301,000 after buying an additional 44,032 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in International Media Acquisition by 1.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 404,687 shares of the company's stock valued at $4,038,000 after buying an additional 5,153 shares during the period.
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International Media Acquisition Stock Up 0.5 %
IMAQ traded up $0.05 during midday trading on Friday, hitting $10.28. The company's stock had a trading volume of 1,336 shares, compared to its average volume of 7,702. The firm has a 50-day moving average price of $10.18 and a two-hundred day moving average price of $10.08. International Media Acquisition Corp. has a 52-week low of $9.68 and a 52-week high of $10.29.
International Media Acquisition Profile
International Media Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media and entertainment sector. The company was incorporated in 2021 and is based in North Brunswick, New Jersey.