K2 Principal Fund L.P. Invests $995,000 in Twelve Seas Investment Company II $TWLVU

K2 Principal Fund L.P. bought a new position in shares of Twelve Seas Investment Company II (NASDAQ:TWLVU) in the 4th quarter, HoldingsChannel reports. The fund bought 100,000 shares of the company’s stock, valued at approximately $995,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Twelve Seas Investment Company II during the fourth quarter worth about $5,970,000. Highbridge Capital Management LLC bought a new stake in shares of Twelve Seas Investment Company II during the fourth quarter worth about $4,638,000. BNP Paribas Financial Markets bought a new stake in shares of Twelve Seas Investment Company II during the fourth quarter worth about $4,157,000. MMCAP International Inc. SPC bought a new stake in shares of Twelve Seas Investment Company II during the fourth quarter worth about $3,980,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Twelve Seas Investment Company II during the fourth quarter worth about $3,980,000.

Twelve Seas Investment Company II Price Performance

NASDAQ:TWLVU opened at $10.10 on Friday. The firm has a 50-day moving average of $10.10 and a 200-day moving average of $10.18. Twelve Seas Investment Company II has a one year low of $9.95 and a one year high of $10.41.

About Twelve Seas Investment Company II

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.