Context Capital Management LLC Cuts Stake in Indigo Acquisition Corp. $INAC

Posted by Brenda Bartman on Jun 14th, 2026

Context Capital Management LLC reduced its stake in Indigo Acquisition Corp. (NASDAQ:INAC – Free Report) by 33.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 200,000 shares of the company’s stock after selling 100,000 shares during the quarter. Context Capital Management LLC’s holdings in Indigo Acquisition were worth $2,010,000 at the end of the most recent quarter.

Separately, Bulldog Investors LLP boosted its holdings in shares of Indigo Acquisition by 9.1% in the 4th quarter. Bulldog Investors LLP now owns 178,479 shares of the company’s stock worth $1,790,000 after buying an additional 14,906 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Indigo Acquisition in a report on Wednesday, April 1st. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Indigo Acquisition has a consensus rating of “Sell”.

View Our Latest Stock Report on Indigo Acquisition

Indigo Acquisition Trading Down 0.3%

NASDAQ INAC opened at $10.22 on Friday. Indigo Acquisition Corp. has a 52 week low of $9.92 and a 52 week high of $10.25. The firm’s 50-day simple moving average is $10.19.

Indigo Acquisition (NASDAQ:INAC – Get Free Report) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.09 EPS for the quarter.

Indigo Acquisition Company Profile

(Free Report)

Indigo Acquisition (NASDAQ: INAC) is a special purpose acquisition company (SPAC) formed to raise capital through a public offering and to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank-check vehicle, the company’s principal activity is identifying and evaluating acquisition targets rather than operating a traditional commercial enterprise. Funds raised in the offering are typically held in a trust account pending completion of a qualifying business combination.

Like other SPACs, Indigo Acquisition’s activities center on sourcing, negotiating and completing a strategic combination that can provide a private operating company with access to public markets.