Harraden Circle Investments LLC bought a new position in JAB Acquisition Corp I (NASDAQ:JABRU – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 900,000 shares of the company’s stock, valued at approximately $9,027,000.
Separately, Rivernorth Capital Management LLC purchased a new stake in shares of JAB Acquisition Corp I during the second quarter valued at approximately $3,518,000.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded JAB Acquisition Corp I to a “hold” rating in a report on Saturday, August 1st.
JAB Acquisition Corp I Price Performance
NASDAQ JABRU opened at $10.11 on Friday. The stock’s 50-day moving average is $10.08. JAB Acquisition Corp I has a 52-week low of $9.99 and a 52-week high of $10.12.
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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