Sage Mountain Advisors LLC lessened its stake in shares of Inflection Point Acquisition Corp. (NASDAQ:IPAXU – Get Rating) by 91.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,060 shares of the company's stock after selling 113,287 shares during the quarter. Sage Mountain Advisors LLC's holdings in Inflection Point Acquisition were worth $110,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of IPAXU. Wealthspring Capital LLC raised its stake in shares of Inflection Point Acquisition by 86.0% during the second quarter. Wealthspring Capital LLC now owns 270,275 shares of the company's stock worth $2,630,000 after purchasing an additional 125,000 shares during the last quarter. Clear Street LLC purchased a new stake in shares of Inflection Point Acquisition during the second quarter worth approximately $98,000. Finally, Wolverine Asset Management LLC raised its stake in shares of Inflection Point Acquisition by 399.5% during the second quarter. Wolverine Asset Management LLC now owns 9,956 shares of the company's stock worth $97,000 after purchasing an additional 7,963 shares during the last quarter.
Get Inflection Point Acquisition alerts:Inflection Point Acquisition Trading Down 0.7 %
NASDAQ:IPAXU opened at $10.10 on Thursday. The stock has a fifty day moving average price of $10.02 and a two-hundred day moving average price of $9.91. Inflection Point Acquisition Corp. has a 1 year low of $9.71 and a 1 year high of $10.92.
About Inflection Point Acquisition
(Get Rating)Inflection Point 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 consumer and technology industries. The company was incorporated in 2021 and is based in New York, New York.
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