Crossingbridge Advisors LLC Sells 2,960 Shares of Trailblazer Merger Co. I (NASDAQ:TBMC)

Crossingbridge Advisors LLC reduced its position in Trailblazer Merger Co. I (NASDAQ:TBMC) by 1.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 242,540 shares of the company’s stock after selling 2,960 shares during the period. Trailblazer Merger Co. I accounts for approximately 2.0% of Crossingbridge Advisors LLC’s portfolio, making the stock its 17th largest holding. Crossingbridge Advisors LLC owned approximately 2.69% of Trailblazer Merger Co. I worth $2,668,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Trailblazer Merger Co. I in the second quarter worth about $57,000. Clear Street LLC grew its stake in Trailblazer Merger Co. I by 78,742.9% in the 2nd quarter. Clear Street LLC now owns 5,519 shares of the company’s stock valued at $60,000 after buying an additional 5,512 shares in the last quarter. Warberg Asset Management LLC raised its holdings in Trailblazer Merger Co. I by 27.8% during the 2nd quarter. Warberg Asset Management LLC now owns 43,736 shares of the company’s stock valued at $473,000 after acquiring an additional 9,502 shares during the period. Cowen AND Company LLC lifted its position in shares of Trailblazer Merger Co. I by 27.4% during the second quarter. Cowen AND Company LLC now owns 471,724 shares of the company’s stock worth $5,097,000 after acquiring an additional 101,443 shares in the last quarter. Finally, Berkley W R Corp lifted its position in shares of Trailblazer Merger Co. I by 416.0% during the second quarter. Berkley W R Corp now owns 825,785 shares of the company’s stock worth $8,910,000 after acquiring an additional 665,743 shares in the last quarter. 77.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trailblazer Merger Co. I

In other Trailblazer Merger Co. I news, major shareholder Aqr Capital Management Holding sold 50,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $11.02, for a total value of $551,000.00. Following the sale, the insider now directly owns 580 shares in the company, valued at $6,391.60. This represents a 98.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 23.50% of the company’s stock.

Trailblazer Merger Co. I Stock Performance

Shares of NASDAQ TBMC opened at $11.13 on Tuesday. Trailblazer Merger Co. I has a fifty-two week low of $10.39 and a fifty-two week high of $11.60. The stock has a fifty day moving average of $11.05 and a 200-day moving average of $10.91.

About Trailblazer Merger Co. I

Trailblazer Merger Corporation I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.