Polar Asset Management Partners Inc. Invests $2.23 Million in Perception Capital Corp. III (NASDAQ:PFTA)

Polar Asset Management Partners Inc. bought a new stake in Perception Capital Corp. III (NASDAQ:PFTA) in the third quarter, HoldingsChannel reports. The fund bought 200,000 shares of the company’s stock, valued at approximately $2,234,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clear Street LLC grew its position in Perception Capital Corp. III by 10,381.9% in the second quarter. Clear Street LLC now owns 34,800 shares of the company’s stock valued at $378,000 after acquiring an additional 34,468 shares in the last quarter. Berkley W R Corp lifted its position in shares of Perception Capital Corp. III by 31.7% during the second quarter. Berkley W R Corp now owns 341,197 shares of the company’s stock worth $3,705,000 after purchasing an additional 82,154 shares in the last quarter. Logan Stone Capital LLC purchased a new position in shares of Perception Capital Corp. III in the second quarter valued at $1,825,000. Quarry LP acquired a new stake in Perception Capital Corp. III during the 2nd quarter valued at $1,086,000. Finally, ATW Spac Management LLC purchased a new stake in Perception Capital Corp. III during the 3rd quarter worth $1,622,000. 26.89% of the stock is owned by institutional investors and hedge funds.

Perception Capital Corp. III Stock Performance

Shares of PFTA stock opened at $10.84 on Friday. The company’s fifty day moving average price is $10.94 and its two-hundred day moving average price is $10.93. Perception Capital Corp. III has a 12 month low of $10.33 and a 12 month high of $12.96.

Perception Capital Corp. III Profile

Perception Capital Corp. III 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 or entities in the financial technology or financial services ecosystem. The company was formerly known as Portage Fintech Acquisition Corporation and changed its name to Perception Capital Corp.