Radcliffe Capital Management L.P. Invests $5.46 Million in Harvard Ave Acquistion Corp $HAVA

Radcliffe Capital Management L.P. bought a new stake in Harvard Ave Acquistion Corp (NASDAQ:HAVA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 550,000 shares of the company’s stock, valued at approximately $5,462,000. Radcliffe Capital Management L.P. owned about 2.66% of Harvard Ave Acquistion at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Berkley W R Corp bought a new stake in Harvard Ave Acquistion during the 4th quarter worth approximately $665,000. Westchester Capital Management LLC bought a new position in Harvard Ave Acquistion in the 4th quarter valued at $1,972,000. Clear Street Group Inc. bought a new position in Harvard Ave Acquistion in the 4th quarter valued at $2,278,000. Context Capital Management LLC acquired a new position in Harvard Ave Acquistion in the fourth quarter worth $2,979,000. Finally, Hudson Bay Capital Management LP acquired a new position in Harvard Ave Acquistion in the fourth quarter worth $7,462,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Harvard Ave Acquistion from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Harvard Ave Acquistion Trading Up 0.1%

HAVA opened at $10.10 on Wednesday. Harvard Ave Acquistion Corp has a one year low of $9.87 and a one year high of $10.11. The firm’s 50 day moving average is $10.06.

Harvard Ave Acquistion Profile

Harvard Ave Acquisition (NASDAQ: HAVA) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, reorganization or similar business combination. As with other blank-check companies, its primary corporate purpose prior to completing a business combination is to identify and negotiate a qualifying transaction that will result in an operating public company.

The company’s principal activities consist of sourcing potential targets, conducting due diligence, negotiating transaction terms, and, if approved by shareholders, completing a business combination.