Pure Acquisition (NASDAQ:PACQ) Major Shareholder Sells $53,500.00 in Stock

Pure Acquisition (NASDAQ:PACQ) major shareholder Glazer Capital, Llc sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $10.70, for a total value of $53,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

NASDAQ:PACQ opened at $10.58 on Friday. Pure Acquisition has a 1-year low of $10.06 and a 1-year high of $11.77. The stock has a market capitalization of $487.24 million, a price-to-earnings ratio of 58.78 and a beta of 0.05.

About Pure Acquisition

Pure Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more target businesses. The company was founded in 2017 and is based in Fort Worth, Texas.

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