Context Capital Management LLC acquired a new position in IB Acquisition Corp. (NASDAQ:IBAC – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 200,000 shares of the company’s stock, valued at approximately $1,994,000. Context Capital Management LLC owned about 1.46% of IB Acquisition as of its most recent SEC filing.
Separately, Cowen AND Company LLC purchased a new position in shares of IB Acquisition in the 2nd quarter worth approximately $3,593,000.
IB Acquisition Price Performance
IBAC stock opened at $9.98 on Wednesday. The stock has a 50 day moving average of $10.00. IB Acquisition Corp. has a 52 week low of $9.93 and a 52 week high of $10.12.
IB Acquisition Company Profile
IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.
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