TENOR CAPITAL MANAGEMENT Co. L.P. Purchases Shares of 350,000 North Atlantic Acquisition Co. (NASDAQ:NAAC)

TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in North Atlantic Acquisition Co. (NASDAQ:NAAC) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 350,000 shares of the company’s stock, valued at approximately $3,483,000.

A number of other large investors also recently made changes to their positions in the business. Berkley W R Corp acquired a new position in North Atlantic Acquisition in the first quarter valued at approximately $244,000. Periscope Capital Inc. acquired a new position in shares of North Atlantic Acquisition during the 1st quarter worth approximately $447,000. Segantii Capital Management Ltd acquired a new position in shares of North Atlantic Acquisition during the 1st quarter worth approximately $995,000. HighTower Advisors LLC acquired a new position in shares of North Atlantic Acquisition during the 1st quarter worth approximately $1,042,000. Finally, Saba Capital Management L.P. acquired a new position in shares of North Atlantic Acquisition during the 1st quarter worth approximately $1,368,000.

Shares of NAAC stock traded down $0.09 during trading hours on Thursday, hitting $9.74. 24,880 shares of the company’s stock were exchanged, compared to its average volume of 58,562. The business’s 50 day moving average price is $9.72. North Atlantic Acquisition Co. has a fifty-two week low of $9.50 and a fifty-two week high of $9.99.

North Atlantic Acquisition Profile

North Atlantic Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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Institutional Ownership by Quarter for North Atlantic Acquisition (NASDAQ:NAAC)

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