GP-Act III Acquisition Corp. (NASDAQ:GPAT) Shares Sold by Wealthspring Capital LLC

Wealthspring Capital LLC cut its stake in shares of GP-Act III Acquisition Corp. (NASDAQ:GPAT) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221,834 shares of the company’s stock after selling 32,119 shares during the period. GP-Act III Acquisition accounts for 3.7% of Wealthspring Capital LLC’s holdings, making the stock its 9th largest position. Wealthspring Capital LLC’s holdings in GP-Act III Acquisition were worth $2,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Wolverine Asset Management LLC lifted its position in GP-Act III Acquisition by 4.0% during the fourth quarter. Wolverine Asset Management LLC now owns 298,553 shares of the company’s stock worth $3,027,000 after acquiring an additional 11,439 shares during the last quarter. Rivernorth Capital Management LLC acquired a new stake in GP-Act III Acquisition during the third quarter worth approximately $4,548,000. Tidal Investments LLC acquired a new stake in GP-Act III Acquisition during the third quarter worth approximately $307,000. Polar Asset Management Partners Inc. acquired a new stake in GP-Act III Acquisition during the third quarter worth approximately $16,884,000. Finally, HGC Investment Management Inc. acquired a new stake in GP-Act III Acquisition during the third quarter worth approximately $24,948,000.

GP-Act III Acquisition Stock Performance

Shares of GPAT stock opened at $10.27 on Wednesday. GP-Act III Acquisition Corp. has a 12-month low of $9.98 and a 12-month high of $10.30. The firm has a 50 day moving average price of $10.20 and a two-hundred day moving average price of $10.12.

About GP-Act III Acquisition

GP-Act III Acquisition Corp. operates as a blank check company, which was created for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on November 23, 2020 and is headquartered in New York, NY.