Periscope Capital Inc. Acquires 53,146 Shares of EGH Acquisition Corp. $EGHA

Periscope Capital Inc. lifted its holdings in shares of EGH Acquisition Corp. (NASDAQ:EGHA) by 26.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 253,146 shares of the company’s stock after purchasing an additional 53,146 shares during the quarter. Periscope Capital Inc.’s holdings in EGH Acquisition were worth $2,564,000 at the end of the most recent reporting period.

Separately, ABC Arbitrage SA bought a new position in shares of EGH Acquisition during the 4th quarter worth about $304,000.

EGH Acquisition Stock Up 0.1%

NASDAQ:EGHA opened at $10.35 on Friday. The stock’s 50-day simple moving average is $10.26. EGH Acquisition Corp. has a 52 week low of $9.31 and a 52 week high of $10.80.

EGH Acquisition Profile

EGH Acquisition (NASDAQ: EGHA) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and combine with one or more businesses. As a blank‑check vehicle, the company’s primary business activity is to raise capital through an initial public offering and to seek qualifying target companies for a business combination that would result in the target becoming a publicly listed entity.

Like other SPACs, EGH Acquisition typically holds the proceeds of its offering in trust while it evaluates potential targets and transaction structures.