TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Kairos Acquisition Corp. (NASDAQ:KAIR) during the first quarter, HoldingsChannel reports. The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $2,438,000.
Several other institutional investors have also recently modified their holdings of the company. Aristeia Capital LLC bought a new stake in shares of Kairos Acquisition in the first quarter valued at about $16,992,000. Citadel Advisors LLC bought a new stake in Kairos Acquisition during the first quarter worth about $7,181,000. Periscope Capital Inc. bought a new stake in Kairos Acquisition during the first quarter worth about $6,377,000. HBK Investments L P bought a new stake in Kairos Acquisition during the first quarter worth about $5,850,000. Finally, Bank of Montreal Can bought a new stake in Kairos Acquisition during the first quarter worth about $5,836,000.
KAIR remained flat at $$9.72 on Thursday. Kairos Acquisition Corp. has a 1 year low of $9.60 and a 1 year high of $10.10. The business’s 50 day simple moving average is $9.72.
Kairos Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock or share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. The company intends to focus on the regulated insurance or reinsurance companies, distributors or technology, and insurance service providers that focus on specialty lines of business.
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