Wolverine Asset Management LLC Has $4.62 Million Stake in Inflection Point Acquisition Corp. III $IPCX

Wolverine Asset Management LLC boosted its stake in Inflection Point Acquisition Corp. III (NASDAQ:IPCX) by 176.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,506 shares of the company’s stock after buying an additional 290,808 shares during the quarter. Wolverine Asset Management LLC owned approximately 1.32% of Inflection Point Acquisition Corp. III worth $4,619,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cantor Fitzgerald L. P. acquired a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter valued at $245,000. Virtu Financial LLC acquired a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter valued at $273,000. Heights Capital Management Inc. acquired a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter valued at $504,000. Parallax Volatility Advisers L.P. acquired a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter valued at $960,000. Finally, Gabelli Funds LLC acquired a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter valued at $1,080,000.

Inflection Point Acquisition Corp. III Stock Performance

Shares of IPCX opened at $10.30 on Monday. The stock has a fifty day moving average price of $10.22 and a two-hundred day moving average price of $10.18. Inflection Point Acquisition Corp. III has a 52-week low of $10.05 and a 52-week high of $10.35.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) last issued its quarterly earnings data on Monday, March 30th. The company reported ($0.06) earnings per share (EPS) for the quarter.

Inflection Point Acquisition Corp. III Profile

Inflection Point Acquisition Corp. III (NASDAQ: IPCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is organized to raise capital through a public offering for the purpose of effecting a merger, acquisition, capital stock exchange, asset purchase, reorganization or similar business combination. As a SPAC, it does not operate a conventional operating business; instead, its principal objective is to identify and combine with one or more operating businesses that will become publicly listed through the transaction.

Like many SPACs, Inflection Point Acquisition Corp.