PNC Financial Services Group Inc. Invests $1.61 Million in GP-Act III Acquisition Corp. (NASDAQ:GPAT)

PNC Financial Services Group Inc. acquired a new stake in shares of GP-Act III Acquisition Corp. (NASDAQ:GPAT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 160,000 shares of the company’s stock, valued at approximately $1,613,000.

A number of other hedge funds also recently bought and sold shares of GPAT. Dakota Wealth Management bought a new stake in shares of GP-Act III Acquisition during the 3rd quarter valued at about $488,000. Wealthspring Capital LLC bought a new position in shares of GP-Act III Acquisition in the 3rd quarter worth approximately $2,560,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of GP-Act III Acquisition in the third quarter worth approximately $2,894,000.

GP-Act III Acquisition Price Performance

Shares of NASDAQ GPAT opened at $10.12 on Wednesday. GP-Act III Acquisition Corp. has a 12-month low of $9.98 and a 12-month high of $10.15. The firm’s 50 day simple moving average is $10.07.

GP-Act III Acquisition Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, 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.