Periscope Capital Inc. Boosts Stake in FIGX Capital Acquisition Corp. $FIGX

Periscope Capital Inc. lifted its stake in FIGX Capital Acquisition Corp. (NASDAQ:FIGX) by 27.0% in the 4th quarter, HoldingsChannel reports. The firm owned 444,400 shares of the company’s stock after acquiring an additional 94,400 shares during the period. Periscope Capital Inc.’s holdings in FIGX Capital Acquisition were worth $4,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wealthspring Capital LLC purchased a new stake in shares of FIGX Capital Acquisition in the 4th quarter worth $5,122,000. MMCAP International Inc. SPC purchased a new stake in shares of FIGX Capital Acquisition in the 4th quarter worth $5,030,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of FIGX Capital Acquisition in the 4th quarter worth $3,150,000. Wolverine Asset Management LLC increased its stake in shares of FIGX Capital Acquisition by 32.7% in the 4th quarter. Wolverine Asset Management LLC now owns 170,033 shares of the company’s stock worth $1,711,000 after purchasing an additional 41,929 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new stake in shares of FIGX Capital Acquisition in the 4th quarter worth $302,000.

FIGX Capital Acquisition Price Performance

NASDAQ:FIGX opened at $10.22 on Friday. FIGX Capital Acquisition Corp. has a one year low of $9.95 and a one year high of $10.22. The business has a fifty day moving average of $10.17.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded FIGX Capital Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

FIGX Capital Acquisition Profile

We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.