Radcliffe Capital Management L.P. lifted its stake in D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR – Free Report) by 20.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 549,672 shares of the company’s stock after acquiring an additional 94,323 shares during the quarter. Radcliffe Capital Management L.P.’s holdings in D. Boral ARC Acquisition I were worth $5,513,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BCAR. Magnetar Financial LLC acquired a new position in D. Boral ARC Acquisition I in the 4th quarter valued at approximately $4,764,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of D. Boral ARC Acquisition I during the 4th quarter valued at $5,015,000. Verition Fund Management LLC boosted its stake in shares of D. Boral ARC Acquisition I by 94.5% during the 4th quarter. Verition Fund Management LLC now owns 97,244 shares of the company’s stock valued at $975,000 after buying an additional 47,244 shares during the period. Bulldog Investors LLP grew its holdings in shares of D. Boral ARC Acquisition I by 100.0% during the 4th quarter. Bulldog Investors LLP now owns 275,000 shares of the company’s stock valued at $2,758,000 after acquiring an additional 137,500 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of D. Boral ARC Acquisition I during the 4th quarter valued at $127,000. 4.33% of the stock is owned by hedge funds and other institutional investors.
D. Boral ARC Acquisition I Stock Performance
NASDAQ BCAR opened at $10.66 on Wednesday. D. Boral ARC Acquisition I Corp. has a 1-year low of $9.88 and a 1-year high of $11.17. The stock has a fifty day moving average of $10.51.
D. Boral ARC Acquisition I Profile
D. Boral ARC Acquisition I (NASDAQ: BCAR) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through a public offering and to effect a merger, share exchange, asset acquisition or similar business combination with one or more operating businesses. As a SPAC, its primary activity is identifying and negotiating a business combination rather than conducting commercial operations itself.
Publicly available disclosures do not identify a confirmed target company, a specific industry focus or detailed information about the company’s leadership and sponsors in widely accessible sources.
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