Harraden Circle Investments LLC acquired a new position in shares of Future Money Acquisition Corp (NASDAQ:FMACU – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,543,594 shares of the company’s stock, valued at approximately $25,741,000. Future Money Acquisition makes up about 2.5% of Harraden Circle Investments LLC’s portfolio, making the stock its 10th biggest holding.
Separately, Lineage Point Capital LP acquired a new position in Future Money Acquisition in the second quarter valued at approximately $2,419,000.
Future Money Acquisition Stock Performance
FMACU stock opened at $10.17 on Friday. The business’s 50 day moving average is $10.19. Future Money Acquisition Corp has a twelve month low of $9.98 and a twelve month high of $10.35.
Future Money Acquisition Company Profile
Future Money Acquisition (NASDAQ: FMACU) is a special purpose acquisition company, commonly known as a blank‑check company, that completed an initial public offering of units and is organized to effect a business combination with one or more operating businesses. As a SPAC, its principal activity is to identify, evaluate and consummate mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in its transition to an operating company.
Like other SPACs, Future Money Acquisition typically holds the proceeds of its offering in a trust account pending the identification and closing of a qualifying transaction.
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