Periscope Capital Inc. Sells 400,000 Shares of Inflection Point Acquisition Corp. II (NASDAQ:IPXX)

Periscope Capital Inc. reduced its stake in Inflection Point Acquisition Corp. II (NASDAQ:IPXX - Free Report) by 66.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company's stock after selling 400,000 shares during the quarter. Inflection Point Acquisition Corp. II accounts for 1.2% of Periscope Capital Inc.'s portfolio, making the stock its 29th largest position. Periscope Capital Inc. owned approximately 0.64% of Inflection Point Acquisition Corp. II worth $2,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IPXX. Mizuho Securities USA LLC lifted its holdings in shares of Inflection Point Acquisition Corp. II by 42.4% in the third quarter. Mizuho Securities USA LLC now owns 2,000,100 shares of the company's stock valued at $21,441,000 after purchasing an additional 595,250 shares in the last quarter. Wolverine Asset Management LLC grew its position in Inflection Point Acquisition Corp. II by 111.7% in the third quarter. Wolverine Asset Management LLC now owns 979,917 shares of the company's stock valued at $10,534,000 after purchasing an additional 517,067 shares in the last quarter. Shaolin Capital Management LLC acquired a new stake in Inflection Point Acquisition Corp. II in the 2nd quarter valued at $6,229,000. Berkley W R Corp increased its position in shares of Inflection Point Acquisition Corp. II by 636.0% in the second quarter. Berkley W R Corp now owns 1,095,681 shares of the company's stock valued at $11,614,000 after acquiring an additional 946,805 shares during the last quarter. Finally, Cowen AND Company LLC increased its stake in shares of Inflection Point Acquisition Corp. II by 55.2% during the 2nd quarter. Cowen AND Company LLC now owns 405,958 shares of the company's stock worth $4,303,000 after purchasing an additional 144,367 shares during the last quarter.

Inflection Point Acquisition Corp. II Price Performance

NASDAQ IPXX traded down $0.02 during trading on Friday, reaching $10.70. 4,082 shares of the company's stock were exchanged, compared to its average volume of 227,219. Inflection Point Acquisition Corp. II has a fifty-two week low of $10.27 and a fifty-two week high of $11.00. The business has a 50 day moving average price of $10.76 and a 200-day moving average price of $10.67.

About Inflection Point Acquisition Corp. II

Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.