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MMCAP International Inc. SPC Has $5.01 Million Position in Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD)

Financial News Live ·  Dec 2, 2022 11:42

MMCAP International Inc. SPC reduced its holdings in Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD – Get Rating) by 50.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 500,000 shares of the company's stock after selling 500,000 shares during the period. MMCAP International Inc. SPC's holdings in Intelligent Medicine Acquisition were worth $5,010,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of IQMD. Basso Capital Management L.P. bought a new stake in Intelligent Medicine Acquisition in the first quarter valued at approximately $53,000. Woodline Partners LP bought a new stake in Intelligent Medicine Acquisition in the first quarter valued at approximately $250,000. Sona Asset Management US LLC bought a new stake in Intelligent Medicine Acquisition in the first quarter valued at approximately $299,000. Glazer Capital LLC bought a new stake in Intelligent Medicine Acquisition in the first quarter valued at approximately $311,000. Finally, DLD Asset Management LP bought a new stake in Intelligent Medicine Acquisition in the first quarter valued at approximately $432,000. 55.04% of the stock is currently owned by institutional investors and hedge funds.

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Intelligent Medicine Acquisition Stock Up 0.1 %

NASDAQ:IQMD traded up $0.01 during trading hours on Friday, hitting $10.22. The stock had a trading volume of 17,727 shares, compared to its average volume of 29,087. Intelligent Medicine Acquisition Corp. has a one year low of $9.86 and a one year high of $10.93. The business's 50 day moving average is $10.12 and its 200-day moving average is $10.06.

About Intelligent Medicine Acquisition

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Intelligent Medicine Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of life science.

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