IB Acquisition Corp. (NASDAQ:IBAC) Shares Sold by Wealthspring Capital LLC

Wealthspring Capital LLC lowered its stake in shares of IB Acquisition Corp. (NASDAQ:IBAC) by 8.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 456,006 shares of the company’s stock after selling 39,937 shares during the quarter. IB Acquisition makes up about 5.7% of Wealthspring Capital LLC’s holdings, making the stock its 3rd biggest position. Wealthspring Capital LLC owned 3.32% of IB Acquisition worth $4,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Berkley W R Corp acquired a new position in IB Acquisition during the second quarter worth approximately $246,000. Condor Capital Management acquired a new position in shares of IB Acquisition in the 2nd quarter valued at $422,000. SkyView Investment Advisors LLC purchased a new stake in IB Acquisition in the 2nd quarter valued at $748,000. Clear Street LLC acquired a new stake in IB Acquisition during the 2nd quarter worth $1,395,000. Finally, K2 Principal Fund L.P. purchased a new position in IB Acquisition during the 2nd quarter worth $1,496,000.

IB Acquisition Price Performance

Shares of NASDAQ:IBAC remained flat at $10.03 on Friday. 6,433 shares of the stock were exchanged, compared to its average volume of 78,006. IB Acquisition Corp. has a 1-year low of $9.93 and a 1-year high of $10.26. The stock has a 50-day simple moving average of $10.01.

IB Acquisition Company Profile

IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.