A SPAC III Acquisition (NASDAQ:ASPCU) Trading 3.2% Higher – What’s Next?

A SPAC III Acquisition Corp. (NASDAQ:ASPCU) shot up 3.2% on Thursday . The company traded as high as $12.80 and last traded at $12.80. 2,342 shares traded hands during trading, a decline of 56% from the average session volume of 5,356 shares. The stock had previously closed at $12.40.

A SPAC III Acquisition Price Performance

The stock’s 50-day moving average is $15.73 and its 200-day moving average is $12.51.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new stake in A SPAC III Acquisition during the third quarter worth approximately $77,000. Clear Street Group Inc. acquired a new position in shares of A SPAC III Acquisition during the 3rd quarter valued at $517,000. Finally, Clear Street LLC increased its position in shares of A SPAC III Acquisition by 960.5% during the 2nd quarter. Clear Street LLC now owns 46,399 shares of the company’s stock valued at $331,000 after purchasing an additional 42,024 shares during the period.

About A SPAC III Acquisition

A SPAC III Acquisition Corp. (NASDAQ: ASPCU) is a special purpose acquisition company incorporated in Delaware. The firm is structured as a blank check entity formed solely to effect a merger, business combination or other acquisition of one or more operating businesses.

Following its initial public offering, A SPAC III placed proceeds in a trust account and focuses on identifying and evaluating potential targets. The company maintains broad sector flexibility, with an emphasis on growth-oriented industries such as technology, healthcare and industrial services across North America and Europe.

As of now, A SPAC III Acquisition has not announced any definitive business combination agreements.