Verition Fund Management LLC Makes New $1.55 Million Investment in Parabellum Acquisition Corp. (NYSE:PRBM)

Verition Fund Management LLC bought a new position in Parabellum Acquisition Corp. (NYSE:PRBMGet Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 157,904 shares of the company’s stock, valued at approximately $1,551,000. Verition Fund Management LLC owned 0.88% of Parabellum Acquisition as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PRBM. Basso Capital Management L.P. increased its stake in shares of Parabellum Acquisition by 53.6% during the first quarter. Basso Capital Management L.P. now owns 9,748 shares of the company’s stock worth $96,000 after acquiring an additional 3,400 shares during the period. Beryl Capital Management LLC increased its stake in shares of Parabellum Acquisition by 347.2% during the fourth quarter. Beryl Capital Management LLC now owns 670,864 shares of the company’s stock worth $6,541,000 after acquiring an additional 520,864 shares during the period. Saba Capital Management L.P. increased its stake in shares of Parabellum Acquisition by 18.0% during the fourth quarter. Saba Capital Management L.P. now owns 761,420 shares of the company’s stock worth $7,424,000 after acquiring an additional 116,152 shares during the period. Finally, Fir Tree Capital Management LP increased its stake in shares of Parabellum Acquisition by 29.0% during the first quarter. Fir Tree Capital Management LP now owns 773,321 shares of the company’s stock worth $7,598,000 after acquiring an additional 173,621 shares during the period. Hedge funds and other institutional investors own 60.66% of the company’s stock.

Parabellum Acquisition Stock Performance

Shares of PRBM opened at $9.89 on Tuesday. The firm’s 50-day moving average is $9.89 and its two-hundred day moving average is $9.86. Parabellum Acquisition Corp. has a twelve month low of $9.73 and a twelve month high of $10.05.

Parabellum Acquisition Company Profile

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Parabellum Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Dallas, Texas.

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Institutional Ownership by Quarter for Parabellum Acquisition (NYSE:PRBM)

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