Wealthspring Capital LLC acquired a new stake in IB Acquisition Corp. (NASDAQ:IBACU – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 470,593 shares of the company’s stock, valued at approximately $4,711,000. IB Acquisition makes up about 5.6% of Wealthspring Capital LLC’s holdings, making the stock its 5th biggest holding.
Separately, Deltec Asset Management LLC bought a new position in IB Acquisition in the 1st quarter valued at approximately $1,001,000.
IB Acquisition Price Performance
Shares of NASDAQ IBACU opened at $10.05 on Monday. The firm has a 50 day simple moving average of $10.05. IB Acquisition Corp. has a 1 year low of $9.97 and a 1 year high of $10.06.
IB Acquisition Profile
IB Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boca Raton, Florida.
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