Verition Fund Management LLC Invests $1.51 Million in GP-Act III Acquisition Corp. (NASDAQ:GPAT)

Verition Fund Management LLC bought a new stake in shares of GP-Act III Acquisition Corp. (NASDAQ:GPAT) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 149,437 shares of the company’s stock, valued at approximately $1,506,000.

Several other hedge funds have also modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in GP-Act III Acquisition in the third quarter valued at approximately $13,099,000. Periscope Capital Inc. acquired a new stake in GP-Act III Acquisition during the 3rd quarter valued at $2,772,000. PNC Financial Services Group Inc. purchased a new stake in GP-Act III Acquisition during the 3rd quarter worth $1,613,000. Wolverine Asset Management LLC acquired a new position in GP-Act III Acquisition in the 3rd quarter worth $2,894,000. Finally, Dakota Wealth Management purchased a new position in GP-Act III Acquisition in the 3rd quarter valued at about $488,000.

GP-Act III Acquisition Stock Performance

Shares of NASDAQ GPAT opened at $10.13 on Friday. GP-Act III Acquisition Corp. has a 1 year low of $9.98 and a 1 year high of $10.15. The stock’s 50-day simple moving average is $10.09.

GP-Act III Acquisition Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.