Context Capital Management LLC purchased a new stake in IB Acquisition Corp. (NASDAQ:IBAC - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 200,000 shares of the company's stock, valued at approximately $1,994,000. Context Capital Management LLC owned approximately 1.46% of IB Acquisition at the end of the most recent quarter.
Separately, Cowen AND Company LLC bought a new stake in shares of IB Acquisition during the 2nd quarter valued at $3,593,000.
IB Acquisition Price Performance
Shares of NASDAQ IBAC remained flat at $9.98 during mid-day trading on Wednesday. The company had a trading volume of 3,097 shares, compared to its average volume of 90,127. The firm has a 50 day moving average of $10.00. IB Acquisition Corp. has a 52 week low of $9.93 and a 52 week high of $10.26.
About IB Acquisition
(
Free Report)
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.
Further Reading
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