Mizuho Securities USA LLC reduced its stake in PTK Acquisition Corp. (NYSE:PTK) by 67.7% in the first quarter, Holdings Channel.com reports. The fund owned 20,592 shares of the company’s stock after selling 43,245 shares during the period. Mizuho Securities USA LLC’s holdings in PTK Acquisition were worth $203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Warberg Asset Management LLC bought a new stake in shares of PTK Acquisition during the 4th quarter valued at $112,000. Hedge funds and other institutional investors own 24.49% of the company’s stock.

Shares of NYSE PTK opened at $9.94 on Tuesday. PTK Acquisition Corp. has a 52 week low of $9.59 and a 52 week high of $11.34. The business has a 50-day moving average of $9.90.

PTK Acquisition Profile

PTK Acquisition Corporation focuses on entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was founded in 2019 and is based in Los Angeles, California.

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