Wealthspring Capital LLC Buys Shares of 531,960 Inflection Point Acquisition Corp. III $IPCX

by · The Cerbat Gem

Wealthspring Capital LLC purchased a new position in Inflection Point Acquisition Corp. III (NASDAQ:IPCX – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 531,960 shares of the company’s stock, valued at approximately $5,357,000. Wealthspring Capital LLC owned 1.54% of Inflection Point Acquisition Corp. III at the end of the most recent reporting period.

Separately, Hudson Bay Capital Management LP purchased a new stake in Inflection Point Acquisition Corp. III during the 2nd quarter worth about $4,848,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

View Our Latest Report on IPCX

Inflection Point Acquisition Corp. III Trading Up 0.1%

Shares of IPCX stock opened at $10.14 on Wednesday. Inflection Point Acquisition Corp. III has a 52-week low of $10.05 and a 52-week high of $10.35. The stock has a fifty day simple moving average of $10.16.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX – Get Free Report) last posted its earnings results on Friday, November 14th. The company reported $0.03 EPS for the quarter.

Inflection Point Acquisition Corp. III Company Profile

(Free Report)

Inflection Point Acquisition Corp. III (NASDAQ: IPCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is organized to raise capital through a public offering for the purpose of effecting a merger, acquisition, capital stock exchange, asset purchase, reorganization or similar business combination. As a SPAC, it does not operate a conventional operating business; instead, its principal objective is to identify and combine with one or more operating businesses that will become publicly listed through the transaction.

Like many SPACs, Inflection Point Acquisition Corp.

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