TENOR CAPITAL MANAGEMENT Co. L.P. Purchases Shares of 550,000 Forum Merger III Co. (NASDAQ:FIII)

TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Forum Merger III Co. (NASDAQ:FIII) during the first quarter, HoldingsChannel.com reports. The firm purchased 550,000 shares of the company’s stock, valued at approximately $5,484,000.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN acquired a new position in Forum Merger III in the fourth quarter valued at about $73,000. TIG Advisors LLC acquired a new position in Forum Merger III in the first quarter valued at about $2,255,000. Nomura Holdings Inc. acquired a new position in Forum Merger III in the first quarter valued at about $1,530,000. Mcdonald Partners LLC acquired a new position in Forum Merger III in the first quarter valued at about $100,000. Finally, Berkley W R Corp acquired a new position in Forum Merger III in the first quarter valued at about $181,000.

Shares of FIII stock traded up $0.18 during trading hours on Thursday, reaching $9.57. 376,619 shares of the company were exchanged, compared to its average volume of 885,510. Forum Merger III Co. has a fifty-two week low of $9.05 and a fifty-two week high of $15.30. The business has a fifty day moving average price of $10.05.

In related news, CEO Marshall Kiev bought 500,000 shares of Forum Merger III stock in a transaction dated Monday, June 21st. The shares were bought at an average cost of $9.85 per share, for a total transaction of $4,925,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

About Forum Merger III

As of June 25, 2021, Forum Merger III Corporation was acquired by Electric Last Mile, Inc, in a reverse merger transaction.

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Institutional Ownership by Quarter for Forum Merger III (NASDAQ:FIII)

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