Periscope Capital Inc. Invests $2.99 Million in Twelve Seas Investment Company II $TWLVU

Periscope Capital Inc. acquired a new position in Twelve Seas Investment Company II (NASDAQ:TWLVU) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 300,000 shares of the company’s stock, valued at approximately $2,985,000.

Other hedge funds have also recently made changes to their positions in the company. ABC Arbitrage SA bought a new position in shares of Twelve Seas Investment Company II in the fourth quarter worth about $398,000. Wolverine Asset Management LLC bought a new position in shares of Twelve Seas Investment Company II in the fourth quarter worth about $1,481,000. Wealthspring Capital LLC bought a new position in shares of Twelve Seas Investment Company II in the fourth quarter worth about $2,255,000. MMCAP International Inc. SPC bought a new position in shares of Twelve Seas Investment Company II in the fourth quarter worth about $3,980,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Twelve Seas Investment Company II in the fourth quarter worth about $4,157,000.

Twelve Seas Investment Company II Stock Up 0.1%

NASDAQ TWLVU opened at $10.09 on Friday. The business has a 50-day moving average price of $10.10 and a 200-day moving average price of $10.23. Twelve Seas Investment Company II has a twelve month low of $9.95 and a twelve month high of $10.41.

Twelve Seas Investment Company II Profile

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.