Wolverine Asset Management LLC Takes Position in Cantor Equity Partners, Inc. (NASDAQ:CEPO)

Key Points

• Wolverine Asset Management LLC acquired 205,012 shares (valued at approximately $2.1 million) of Cantor Equity Partners, making it own 0.80% of the company as of the latest reporting.
• Other institutional investors also purchased shares in Cantor Equity Partners during the first quarter, including Picton Mahoney Asset Management, which invested $2.56 million.
• As of Friday, Cantor Equity Partners' stock price is $10.58, with a 52-week range of $10.04 to $16.50.

Wolverine Asset Management LLC acquired a new stake in shares of Cantor Equity Partners, Inc. (NASDAQ:CEPO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 205,012 shares of the company's stock, valued at approximately $2,100,000. Wolverine Asset Management LLC owned about 0.80% of Cantor Equity Partners at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Graham Capital Wealth Management LLC purchased a new position in Cantor Equity Partners during the first quarter worth about $418,000. Wealthspring Capital LLC bought a new position in shares of Cantor Equity Partners during the 1st quarter worth approximately $428,000. Tabor Asset Management LP bought a new position in shares of Cantor Equity Partners in the first quarter valued at approximately $1,537,000. Picton Mahoney Asset Management bought a new position in shares of Cantor Equity Partners in the first quarter valued at approximately $2,562,000. Finally, Context Capital Management LLC purchased a new stake in shares of Cantor Equity Partners during the first quarter valued at approximately $3,074,000.

Cantor Equity Partners Stock Up 0.5%

CEPO stock traded up $0.05 during midday trading on Monday, hitting $10.63. The company's stock had a trading volume of 572,283 shares, compared to its average volume of 1,320,431. The stock's 50-day moving average price is $11.94 and its 200 day moving average price is $11.16. Cantor Equity Partners, Inc. has a 1 year low of $10.04 and a 1 year high of $16.50.

Cantor Equity Partners Company Profile

Cantor Equity Partners I, Inc is a blank check company. It was formed 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 11, 2020 and is headquartered in New York, NY.