Mint Tower Capital Management B.V. Invests $1.01 Million in A Paradise Acquisition Corp. $APAD

Mint Tower Capital Management B.V. acquired a new position in shares of A Paradise Acquisition Corp. (NASDAQ:APAD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $1,005,000. Mint Tower Capital Management B.V. owned approximately 0.49% of A Paradise Acquisition as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC bought a new stake in shares of A Paradise Acquisition during the fourth quarter worth $263,000. Picton Mahoney Asset Management bought a new stake in shares of A Paradise Acquisition during the fourth quarter worth $1,005,000. Wealthspring Capital LLC bought a new stake in shares of A Paradise Acquisition during the fourth quarter worth $6,911,000. Wolverine Asset Management LLC grew its holdings in shares of A Paradise Acquisition by 23.9% during the fourth quarter. Wolverine Asset Management LLC now owns 719,819 shares of the company’s stock worth $7,234,000 after buying an additional 138,819 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new position in shares of A Paradise Acquisition during the fourth quarter worth about $8,888,000.

A Paradise Acquisition Price Performance

A Paradise Acquisition stock opened at $8.03 on Friday. A Paradise Acquisition Corp. has a 1-year low of $7.50 and a 1-year high of $14.00. The company has a fifty day simple moving average of $9.12.

A Paradise Acquisition (NASDAQ:APAD) last released its earnings results on Monday, May 4th. The company reported $0.08 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded A Paradise Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, A Paradise Acquisition currently has a consensus rating of “Sell”.

About A Paradise Acquisition

A Paradise Acquisition (NASDAQ: APAD) is a special-purpose acquisition company (SPAC), commonly referred to as a blank?check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.

Like other acquisition companies, A Paradise Acquisition’s typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.