Periscope Capital Inc. purchased a new position in Pensare Acquisition Corp. (NASDAQ:WRLS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 767,600 shares of the technology company’s stock, valued at approximately $7,427,000. Pensare Acquisition Corp. makes up 2.5% of Periscope Capital Inc.’s holdings, making the stock its 12th largest holding.

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Shares of Pensare Acquisition Corp. (NASDAQ:WRLS) remained flat at $9.68 on Friday. 125,637 shares of the stock traded hands. The firm has a 50 day moving average of $9.68 and a 200-day moving average of $9.68. Pensare Acquisition Corp. has a 52-week low of $9.60 and a 52-week high of $9.73.

Pensare Acquisition Corp. Profile

Pensare Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The Company intends to initially focus on identifying a business in the wireless telecommunications industry in the United States.

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