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

Other hedge funds have also bought and sold shares of the company. Quarry LP purchased a new stake in shares of Cantor Equity Partners in the 1st quarter worth $78,000. Graham Capital Wealth Management LLC purchased a new stake in shares of Cantor Equity Partners during the 1st quarter worth approximately $418,000. Wealthspring Capital LLC bought a new position in Cantor Equity Partners during the first quarter valued at $428,000. Magnetar Financial LLC purchased a new position in Cantor Equity Partners in the first quarter worth about $1,229,000. Finally, Tabor Asset Management LP bought a new position in shares of Cantor Equity Partners during the 1st quarter valued at approximately $1,537,000.

Cantor Equity Partners Stock Performance

Cantor Equity Partners stock traded up $0.04 during midday trading on Friday, reaching $10.37. The stock had a trading volume of 390,205 shares, compared to its average volume of 248,492. Cantor Equity Partners, Inc. has a 52-week low of $10.04 and a 52-week high of $16.50. The company has a fifty day moving average of $11.29 and a 200 day moving average of $11.21.

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.