HGC Investment Management Inc. Takes $10.25 Million Position in Cantor Equity Partners, Inc. $CEPO

Key Points

• HGC Investment Management Inc. has invested approximately $10.25 million in Cantor Equity Partners, acquiring 1 million shares, which now represent about 3.8% of their total holdings.
• Several other large investors have also recently purchased shares in Cantor Equity Partners, with investments ranging from $78,000 to $1.5 million during the first quarter.
• Cantor Equity Partners' stock price currently shows a one-year low of $10.04 and a high of $16.50, indicating significant volatility in its market performance.

HGC Investment Management Inc. bought a new stake in Cantor Equity Partners, Inc. (NASDAQ:CEPO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,000,000 shares of the company's stock, valued at approximately $10,245,000. Cantor Equity Partners accounts for about 3.8% of HGC Investment Management Inc.'s portfolio, making the stock its 11th largest position. HGC Investment Management Inc. owned 3.92% of Cantor Equity Partners as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Cantor Equity Partners in the first quarter valued at $12,991,000. AQR Arbitrage LLC acquired a new stake in Cantor Equity Partners in the 1st quarter valued at about $12,294,000. MMCAP International Inc. SPC acquired a new stake in Cantor Equity Partners in the 1st quarter valued at about $11,270,000. Anson Funds Management LP acquired a new stake in shares of Cantor Equity Partners during the 1st quarter worth approximately $9,220,000. Finally, Linden Advisors LP acquired a new stake in shares of Cantor Equity Partners during the 1st quarter worth approximately $6,147,000.

Cantor Equity Partners Stock Performance

Shares of NASDAQ:CEPO traded up $0.01 during mid-day trading on Tuesday, reaching $10.43. 221,457 shares of the company were exchanged, compared to its average volume of 409,095. The firm's 50-day simple moving average is $11.27 and its 200 day simple moving average is $11.22. Cantor Equity Partners, Inc. has a 1 year low of $10.04 and a 1 year high of $16.50.

Cantor Equity Partners 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.