Castle Creek Arbitrage LLC bought a new stake in shares of Slam Corp. (OTCMKTS:SLAMU) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 365,680 shares of the company’s stock, valued at approximately $3,628,000.
Several other institutional investors also recently added to or reduced their stakes in SLAMU. Royal Bank of Canada acquired a new position in shares of Slam during the 1st quarter valued at $85,000. DG Capital Management LLC acquired a new position in shares of Slam during the 1st quarter valued at $99,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Slam during the 1st quarter valued at $99,000. Ergoteles LLC acquired a new position in shares of Slam during the 1st quarter valued at $106,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Slam during the first quarter worth $111,000.
SLAMU traded up $0.05 during trading on Thursday, hitting $10.15. 15,191 shares of the company’s stock were exchanged, compared to its average volume of 313,103. The firm’s 50 day moving average price is $10.00. Slam Corp. has a fifty-two week low of $9.73 and a fifty-two week high of $10.85.
Slam Corp. a blank check company, intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.
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