Clear Street Group Inc. Cuts Position in FIGX Capital Acquisition Corp. $FIGX

Clear Street Group Inc. lowered its position in shares of FIGX Capital Acquisition Corp. (NASDAQ:FIGX) by 76.8% during the fourth quarter, HoldingsChannel reports. The firm owned 49,443 shares of the company’s stock after selling 164,077 shares during the period. Clear Street Group Inc.’s holdings in FIGX Capital Acquisition were worth $497,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FIGX. Wealthspring Capital LLC purchased a new stake in shares of FIGX Capital Acquisition during the fourth quarter valued at approximately $5,122,000. MMCAP International Inc. SPC purchased a new stake in shares of FIGX Capital Acquisition during the fourth quarter valued at approximately $5,030,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of FIGX Capital Acquisition during the fourth quarter valued at approximately $3,150,000. Mint Tower Capital Management B.V. purchased a new stake in shares of FIGX Capital Acquisition during the fourth quarter valued at approximately $2,264,000. Finally, Bulldog Investors LLP purchased a new stake in shares of FIGX Capital Acquisition during the fourth quarter valued at approximately $1,007,000.

FIGX Capital Acquisition Stock Performance

FIGX opened at $10.28 on Tuesday. The firm’s 50 day moving average price is $10.20. FIGX Capital Acquisition Corp. has a 52-week low of $9.95 and a 52-week high of $10.29.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of FIGX Capital Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

FIGX Capital Acquisition Profile

We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.