DLD Asset Management LP bought a new position in shares of Inflection Point Acquisition Corp. III (NASDAQ:IPCXU – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 191,900 shares of the company’s stock, valued at approximately $2,016,000.
Several other large investors have also added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Inflection Point Acquisition Corp. III in the second quarter valued at approximately $3,153,000. Mint Tower Capital Management B.V. purchased a new position in Inflection Point Acquisition Corp. III in the second quarter valued at approximately $4,727,000. Wealthspring Capital LLC bought a new position in shares of Inflection Point Acquisition Corp. III during the 2nd quarter worth $5,637,000. Finally, MMCAP International Inc. SPC bought a new position in Inflection Point Acquisition Corp. III during the second quarter worth about $14,707,000.
Inflection Point Acquisition Corp. III Trading Down 1.9%
Inflection Point Acquisition Corp. III stock opened at $10.50 on Thursday. Inflection Point Acquisition Corp. III has a 1-year low of $10.07 and a 1-year high of $11.06. The firm has a 50 day simple moving average of $10.57 and a 200 day simple moving average of $10.49.
About Inflection Point Acquisition Corp. III
We are a special purpose acquisition company incorporated on January 31, 2024, as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.
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