Rivernorth Capital Management LLC Buys Shares of 451,198 GP-Act III Acquisition Corp. (NASDAQ:GPAT)

Rivernorth Capital Management LLC acquired a new position in GP-Act III Acquisition Corp. (NASDAQ:GPAT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 451,198 shares of the company’s stock, valued at approximately $4,548,000.

Several other large investors have also recently made changes to their positions in GPAT. Tidal Investments LLC acquired a new stake in shares of GP-Act III Acquisition in the third quarter valued at about $307,000. Polar Asset Management Partners Inc. acquired a new position in GP-Act III Acquisition in the 3rd quarter valued at $16,884,000. HGC Investment Management Inc. purchased a new stake in GP-Act III Acquisition during the third quarter worth about $24,948,000. Berkley W R Corp purchased a new stake in shares of GP-Act III Acquisition in the third quarter valued at $3,004,000. Finally, Glazer Capital LLC purchased a new position in shares of GP-Act III Acquisition during the 3rd quarter worth $2,672,000.

GP-Act III Acquisition Price Performance

GP-Act III Acquisition stock opened at $10.14 on Friday. GP-Act III Acquisition Corp. has a 52-week low of $9.98 and a 52-week high of $10.15. The stock has a fifty day simple moving average of $10.09.

GP-Act III Acquisition Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.