Glazer Capital LLC Acquires Shares of 727,598 Gores Metropoulos II, Inc. (NASDAQ:GMII)

Glazer Capital LLC acquired a new stake in shares of Gores Metropoulos II, Inc. (NASDAQ:GMII) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 727,598 shares of the company’s stock, valued at approximately $7,196,000. Glazer Capital LLC owned approximately 1.29% of Gores Metropoulos II as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blackstone Group Inc. purchased a new position in Gores Metropoulos II during the first quarter valued at $2,475,000. Millennium Management LLC purchased a new position in shares of Gores Metropoulos II in the first quarter worth about $6,017,000. Berkley W R Corp purchased a new position in shares of Gores Metropoulos II in the first quarter worth about $195,000. Park West Asset Management LLC purchased a new position in shares of Gores Metropoulos II in the first quarter worth about $3,465,000. Finally, Silver Rock Financial LP purchased a new position in shares of Gores Metropoulos II in the first quarter worth about $7,920,000. 72.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:GMII traded up $0.02 during midday trading on Thursday, hitting $9.95. The company’s stock had a trading volume of 213,823 shares, compared to its average volume of 72,400. The business’s 50 day simple moving average is $9.90 and its 200 day simple moving average is $9.91. Gores Metropoulos II, Inc. has a 12-month low of $9.69 and a 12-month high of $11.00.

About Gores Metropoulos II

Gores Metropoulos II, Inc focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in Boulder, Colorado.

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Institutional Ownership by Quarter for Gores Metropoulos II (NASDAQ:GMII)

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