Periscope Capital Inc. Buys 53,146 Shares of EGH Acquisition Corp. $EGHA

Periscope Capital Inc. raised its stake in EGH Acquisition Corp. (NASDAQ:EGHA) by 26.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,146 shares of the company’s stock after purchasing an additional 53,146 shares during the period. Periscope Capital Inc. owned approximately 1.23% of EGH Acquisition worth $2,564,000 as of its most recent SEC filing.

Separately, ABC Arbitrage SA bought a new stake in EGH Acquisition in the 4th quarter valued at $304,000.

EGH Acquisition Stock Up 0.1%

Shares of EGH Acquisition stock opened at $10.35 on Friday. EGH Acquisition Corp. has a fifty-two week low of $9.31 and a fifty-two week high of $10.80. The firm has a fifty day moving average of $10.26.

EGH Acquisition Company Profile

EGH Acquisition (NASDAQ: EGHA) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and combine with one or more businesses. As a blank?check vehicle, the company’s primary business activity is to raise capital through an initial public offering and to seek qualifying target companies for a business combination that would result in the target becoming a publicly listed entity.

Like other SPACs, EGH Acquisition typically holds the proceeds of its offering in trust while it evaluates potential targets and transaction structures.