PenderFund Capital Management Ltd. acquired a new stake in Inflection Point Acquisition Corp. II (NASDAQ:IPXXU – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $335,000.
Other hedge funds have also modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Inflection Point Acquisition Corp. II during the second quarter worth approximately $109,000. Robinson Capital Management LLC acquired a new stake in shares of Inflection Point Acquisition Corp. II in the second quarter valued at $202,000. Sage Mountain Advisors LLC bought a new position in shares of Inflection Point Acquisition Corp. II in the second quarter valued at about $243,000. Spartan Fund Management Inc. acquired a new position in Inflection Point Acquisition Corp. II during the 2nd quarter worth about $759,000. Finally, Mint Tower Capital Management B.V. bought a new stake in Inflection Point Acquisition Corp. II during the 2nd quarter worth about $1,518,000.
Inflection Point Acquisition Corp. II Price Performance
Shares of NASDAQ IPXXU remained flat at $10.32 during midday trading on Tuesday. The stock had a trading volume of 352 shares, compared to its average volume of 38,172. Inflection Point Acquisition Corp. II has a one year low of $10.05 and a one year high of $11.14. The business’s fifty day moving average is $10.34.
About Inflection Point Acquisition Corp. II
Inflection Point Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.
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