Wolverine Asset Management LLC Purchases 64,126 Shares of Inflection Point Acquisition Corp. III $IPCX

Wolverine Asset Management LLC increased its position in shares of Inflection Point Acquisition Corp. III (NASDAQ:IPCX) by 63.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,698 shares of the company’s stock after buying an additional 64,126 shares during the period. Wolverine Asset Management LLC owned 0.48% of Inflection Point Acquisition Corp. III worth $1,659,000 at the end of the most recent reporting period.

Separately, Wealthspring Capital LLC acquired a new stake in Inflection Point Acquisition Corp. III during the 3rd quarter worth about $5,357,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Inflection Point Acquisition Corp. III Price Performance

Shares of IPCX opened at $10.17 on Friday. Inflection Point Acquisition Corp. III has a one year low of $10.05 and a one year high of $10.35. The company has a 50-day moving average price of $10.15.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.03 EPS for the quarter.

About Inflection Point Acquisition Corp. III

Inflection Point Acquisition Corp. III (NASDAQ: IPCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is organized to raise capital through a public offering for the purpose of effecting a merger, acquisition, capital stock exchange, asset purchase, reorganization or similar business combination. As a SPAC, it does not operate a conventional operating business; instead, its principal objective is to identify and combine with one or more operating businesses that will become publicly listed through the transaction.

Like many SPACs, Inflection Point Acquisition Corp.