Westchester Capital Management LLC Acquires Shares of 325,000 Cayson Acquisition Corp $CAPN

Key Points

• Westchester Capital Management LLC acquired 325,000 shares of Cayson Acquisition Corp (NASDAQ:CAPN), valued at approximately $3,315,000, representing about 4.15% ownership of the company.
• Other institutional investors, including D. E. Shaw & Co. and Berkley W R Corp, also made new investments in Cayson Acquisition during the fourth quarter, totaling over $10 million in acquisitions.
• The stock of Cayson Acquisition Corp is currently trading at $10.38, with a one-year price range between $9.95 and $10.49.

Westchester Capital Management LLC purchased a new stake in shares of Cayson Acquisition Corp (NASDAQ:CAPN - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 325,000 shares of the company's stock, valued at approximately $3,315,000. Westchester Capital Management LLC owned 4.15% of Cayson Acquisition as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. purchased a new position in shares of Cayson Acquisition during the fourth quarter worth about $1,010,000. Two Sigma Investments LP purchased a new position in shares of Cayson Acquisition during the fourth quarter worth about $1,508,000. Bulldog Investors LLP purchased a new position in shares of Cayson Acquisition during the fourth quarter worth about $2,261,000. Berkley W R Corp purchased a new position in shares of Cayson Acquisition during the fourth quarter worth about $2,790,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Cayson Acquisition during the fourth quarter worth about $3,082,000.

Cayson Acquisition Stock Performance

CAPN remained flat at $10.38 during midday trading on Friday. The business has a fifty day moving average price of $10.35 and a 200-day moving average price of $10.25. Cayson Acquisition Corp has a 52 week low of $9.95 and a 52 week high of $10.49.

Cayson Acquisition Profile

Cayson Acquisition Corp is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Cayson Acquisition Corp is based in NEW YORK.