Context Capital Management LLC Acquires 200,000 Shares of Freedom Acquisition I Corp. $FACT

Context Capital Management LLC bought a new position in Freedom Acquisition I Corp. (NASDAQ:FACT) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 200,000 shares of the company’s stock, valued at approximately $2,148,000. Context Capital Management LLC owned 1.01% of Freedom Acquisition I at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FACT. Rangeley Capital LLC purchased a new position in shares of Freedom Acquisition I during the first quarter valued at about $163,000. Citadel Advisors LLC purchased a new stake in Freedom Acquisition I in the second quarter worth about $204,000. Berkley W R Corp lifted its holdings in Freedom Acquisition I by 14.2% in the first quarter. Berkley W R Corp now owns 325,445 shares of the company’s stock worth $3,417,000 after buying an additional 40,363 shares during the period. Finally, SkyView Investment Advisors LLC bought a new stake in Freedom Acquisition I during the 2nd quarter valued at approximately $532,000. Institutional investors own 55.82% of the company’s stock.

Freedom Acquisition I Stock Down 0.1%

FACT stock opened at $10.80 on Wednesday. The business has a 50 day moving average of $10.74 and a 200 day moving average of $10.62. Freedom Acquisition I Corp. has a twelve month low of $10.33 and a twelve month high of $10.81.

Freedom Acquisition I (NASDAQ:FACT) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.04 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised Freedom Acquisition I from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Freedom Acquisition I Profile

Freedom Acquisition I Corp. was a special purpose acquisition company, or SPAC, formed to identify and combine with an operating business. Rather than selling products or services directly, the company raised capital through a public offering and pursued a merger with a private company. Freedom Acquisition I focused on opportunities in sectors including financial services, technology, media and telecommunications. Its principal activity was evaluating potential business combinations, conducting due diligence and negotiating a transaction that would allow a private company to become publicly traded.