Weiss Asset Management LP Makes New $502,000 Investment in GX Acquisition Corp. (OTCMKTS:GXGXU)

Weiss Asset Management LP purchased a new position in GX Acquisition Corp. (OTCMKTS:GXGXU) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $502,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Shaolin Capital Management LLC bought a new position in shares of GX Acquisition in the second quarter worth about $5,025,000. Vertex One Asset Management Inc. bought a new position in shares of GX Acquisition in the second quarter worth about $3,012,000. NFC Investments LLC bought a new position in shares of GX Acquisition in the second quarter worth about $6,755,000. Panagora Asset Management Inc. bought a new position in shares of GX Acquisition in the second quarter worth about $2,060,000. Finally, Periscope Capital Inc. bought a new position in GX Acquisition during the second quarter valued at approximately $6,060,000.

GX Acquisition stock traded up $0.04 during midday trading on Monday, reaching $10.18. The firm has a 50-day moving average of $10.10. GX Acquisition Corp. has a 12 month low of $10.00 and a 12 month high of $10.19.

GX Acquisition Profile

GX Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2018 and is based in New York, New York.

Further Reading: Trade War

Institutional Ownership by Quarter for GX Acquisition (OTCMKTS:GXGXU)

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