800,000 Shares in Aparadise Acquisition Corp. $APADU Bought by Magnetar Financial LLC

Magnetar Financial LLC acquired a new position in Aparadise Acquisition Corp. (NASDAQ:APADU) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 800,000 shares of the company’s stock, valued at approximately $7,984,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of Aparadise Acquisition during the 3rd quarter valued at $549,000. BCK Capital Management LP bought a new position in shares of Aparadise Acquisition in the 3rd quarter worth about $231,000. Picton Mahoney Asset Management bought a new position in shares of Aparadise Acquisition in the 3rd quarter worth about $998,000. Finally, ATW Spac Management LLC purchased a new position in Aparadise Acquisition during the 3rd quarter valued at about $1,248,000.

Aparadise Acquisition Price Performance

NASDAQ:APADU opened at $10.50 on Wednesday. Aparadise Acquisition Corp. has a one year low of $9.98 and a one year high of $11.00. The company’s 50-day simple moving average is $10.33 and its 200 day simple moving average is $10.23.

Aparadise Acquisition Profile

Aparadise Acquisition Corp. (NASDAQ: APADU) is a special purpose acquisition company formed under Delaware law. The company completed its initial public offering in 2021, raising funds to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more target companies. As a blank check company, APADU’s primary objective is to identify and acquire a private operating business and bring it to the public markets through a business combination transaction.

Following its IPO, the proceeds from APADU’s offering were placed in a trust account and invested in U.S.