Wealthspring Capital LLC Acquires Shares of 238,300 Pelican Acquisition Corporation $PELI

Wealthspring Capital LLC bought a new position in shares of Pelican Acquisition Corporation (NASDAQ:PELI) in the third quarter, HoldingsChannel reports. The institutional investor bought 238,300 shares of the company’s stock, valued at approximately $2,397,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Warberg Asset Management LLC bought a new stake in shares of Pelican Acquisition during the second quarter worth approximately $500,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Pelican Acquisition in the 2nd quarter valued at $1,000,000. Mint Tower Capital Management B.V. acquired a new position in Pelican Acquisition in the 2nd quarter valued at $1,505,000. Magnetar Financial LLC bought a new position in Pelican Acquisition during the 2nd quarter worth $1,951,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in shares of Pelican Acquisition during the second quarter worth $2,520,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Pelican Acquisition in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Pelican Acquisition presently has a consensus rating of “Sell”.

Pelican Acquisition Price Performance

NASDAQ:PELI opened at $10.17 on Wednesday. Pelican Acquisition Corporation has a fifty-two week low of $8.98 and a fifty-two week high of $10.19. The firm’s fifty day moving average is $10.14.

Pelican Acquisition (NASDAQ:PELI) last posted its quarterly earnings results on Monday, September 15th. The company reported $0.03 EPS for the quarter.

Pelican Acquisition Company Profile

Pelican Acquisition Corp is a Delaware-based special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker PELI. Founded in 2021, the firm completed its initial public offering in July 2021 and holds its capital in trust pending the completion of a business combination. The company’s charter permits a merger, stock exchange, asset purchase or other similar transactions with one or more operating businesses.

The SPAC is focused on identifying opportunities in technology-driven sectors, including software, cybersecurity, digital infrastructure and related fields.