Walleye Capital LLC Sells 10,080 Shares of Founder SPAC (NASDAQ:FOUN)

Walleye Capital LLC cut its holdings in Founder SPAC (NASDAQ:FOUNGet Rating) by 10.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,350 shares of the company’s stock after selling 10,080 shares during the quarter. Walleye Capital LLC owned approximately 0.22% of Founder SPAC worth $868,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Saba Capital Management L.P. acquired a new stake in shares of Founder SPAC during the fourth quarter worth about $28,116,000. Beryl Capital Management LLC purchased a new position in Founder SPAC in the fourth quarter valued at $17,760,000. Marshall Wace LLP acquired a new stake in shares of Founder SPAC during the 4th quarter valued at about $15,081,000. Aristeia Capital LLC purchased a new position in shares of Founder SPAC in the 4th quarter valued at about $13,212,000. Finally, Sculptor Capital LP raised its holdings in Founder SPAC by 98.3% in the 1st quarter. Sculptor Capital LP now owns 1,260,648 shares of the company’s stock worth $12,670,000 after purchasing an additional 624,998 shares during the period. 58.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Atalaya Capital Management Lp purchased 381,781 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were purchased at an average cost of $10.15 per share, with a total value of $3,875,077.15. Following the purchase, the insider now owns 3,186,094 shares of the company’s stock, valued at approximately $32,338,854.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Founder SPAC Price Performance

Shares of FOUN opened at $3.58 on Tuesday. The stock’s 50 day moving average is $7.40 and its two-hundred day moving average is $9.11. Founder SPAC has a 12 month low of $7.75 and a 12 month high of $10.50.

Founder SPAC Profile

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Founder SPAC does not have significant operations. The company focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Founder SPAC was incorporated in 2021 and is based in Potomac, Maryland.

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Institutional Ownership by Quarter for Founder SPAC (NASDAQ:FOUN)

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