Quarry LP Acquires Shares of 100,000 IB Acquisition Corp. $IBAC

Key Points

• Quarry LP has acquired 100,000 shares of IB Acquisition Corp. ($IBAC), worth approximately $1,032,000, representing a 0.73% ownership stake according to their latest SEC filing.
• Other institutional investors, including Toronto Dominion Bank and Tabor Asset Management LP, have also invested significantly in IB Acquisition, highlighting increasing interest in the company.
• As of the most recent data, shares of IB Acquisition opened at $10.54, with a 52-week price range between $9.98 and $10.59.

Quarry LP acquired a new stake in IB Acquisition Corp. (NASDAQ:IBAC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 100,000 shares of the company's stock, valued at approximately $1,032,000. Quarry LP owned 0.73% of IB Acquisition as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBAC. Toronto Dominion Bank bought a new stake in IB Acquisition in the fourth quarter valued at approximately $7,507,000. Tabor Asset Management LP bought a new stake in shares of IB Acquisition in the first quarter valued at about $2,064,000. Wolverine Asset Management LLC boosted its position in shares of IB Acquisition by 16.6% in the first quarter. Wolverine Asset Management LLC now owns 662,496 shares of the company's stock valued at $6,824,000 after acquiring an additional 94,209 shares during the period. Finally, Mizuho Securities USA LLC bought a new stake in shares of IB Acquisition in the first quarter valued at about $126,000.

IB Acquisition Price Performance

Shares of IB Acquisition stock opened at $10.54 on Friday. The firm has a 50-day moving average of $10.51 and a 200-day moving average of $10.41. IB Acquisition Corp. has a 52-week low of $9.98 and a 52-week high of $10.59.

About IB Acquisition

IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.

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