Rivernorth Capital Management LLC bought a new stake in shares of JAB Acquisition Corp I (NASDAQ:JABRU – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 350,000 shares of the company’s stock, valued at approximately $3,518,000.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded JAB Acquisition Corp I to a “hold” rating in a research note on Saturday, August 1st.
View Our Latest Stock Report on JABRU
JAB Acquisition Corp I Stock Performance
JAB Acquisition Corp I Company Profile
JAB Acquisition Corp I is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, or similar business combination with one or more businesses. As a blank check company, it does not operate a traditional commercial business of its own but is instead structured to raise capital and identify an acquisition target.
The company was organized to seek opportunities in industries and geographies that align with its management team’s experience and investment strategy.
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