231,438 Shares in Kochav Defense Acquisition Corp. $KCHVU Acquired by Clear Street Group Inc.

Clear Street Group Inc. purchased a new position in Kochav Defense Acquisition Corp. (NASDAQ:KCHVU) in the third quarter, Holdings Channel reports. The fund purchased 231,438 shares of the company’s stock, valued at approximately $2,370,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP acquired a new position in Kochav Defense Acquisition during the 2nd quarter worth approximately $6,614,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Kochav Defense Acquisition in the 2nd quarter valued at $5,088,000. Linden Advisors LP purchased a new stake in shares of Kochav Defense Acquisition during the 2nd quarter worth $14,245,000. Berkley W R Corp purchased a new stake in shares of Kochav Defense Acquisition during the 2nd quarter worth $10,194,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Kochav Defense Acquisition during the second quarter worth $478,000.

Kochav Defense Acquisition Price Performance

NASDAQ:KCHVU opened at $10.63 on Friday. The business’s fifty day moving average price is $10.45 and its 200 day moving average price is $10.39. Kochav Defense Acquisition Corp. has a 12 month low of $9.99 and a 12 month high of $11.00.

Kochav Defense Acquisition Company Profile

Kochav Defense Acquisition Corp (NASDAQ:KCHVU) is a Delaware-incorporated special-purpose acquisition company (SPAC) formed to effect a business combination with one or more businesses in the defense sector. The company completed its initial public offering to raise capital for the acquisition of companies operating in areas such as aerospace and defense technologies, national security solutions, cybersecurity, unmanned systems and related high-tech fields. As a development-stage company, Kochav Defense Acquisition currently holds its IPO proceeds in trust and has no commercial operations at present.

The SPAC structure provides investors with units comprising shares of common stock and accompanying warrants, offering potential upside upon the completion of a qualifying business combination.