TENOR CAPITAL MANAGEMENT Co. L.P. increased its position in Falcon Capital Acquisition Corp. (NASDAQ:FCAC) by 16.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 350,000 shares of the company’s stock after purchasing an additional 50,000 shares during the quarter. TENOR CAPITAL MANAGEMENT Co. L.P. owned approximately 0.81% of Falcon Capital Acquisition worth $3,490,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of FCAC. Ameriprise Financial Inc. bought a new stake in shares of Falcon Capital Acquisition in the 1st quarter valued at about $36,028,000. Weiss Asset Management LP raised its holdings in shares of Falcon Capital Acquisition by 702.6% in the 1st quarter. Weiss Asset Management LP now owns 2,006,419 shares of the company’s stock valued at $20,004,000 after purchasing an additional 1,756,419 shares during the period. Diameter Capital Partners LP acquired a new position in Falcon Capital Acquisition in the 1st quarter valued at about $11,906,000. BlueCrest Capital Management Ltd acquired a new position in Falcon Capital Acquisition in the 1st quarter valued at about $7,976,000. Finally, Hudson Bay Capital Management LP acquired a new position in Falcon Capital Acquisition in the 4th quarter valued at about $7,942,000. 61.70% of the stock is currently owned by institutional investors.
FCAC traded up $0.67 on Thursday, reaching $7.17. The company had a trading volume of 1,680,356 shares, compared to its average volume of 641,326. Falcon Capital Acquisition Corp. has a fifty-two week low of $8.85 and a fifty-two week high of $12.81. The firm’s fifty day simple moving average is $9.26.
Falcon Capital Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses. The company was incorporated in 2020 and is based in New York, New York.
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