Lineage Point Capital LP acquired a new stake in Future Money Acquisition Corp (NASDAQ:FMACU – Free Report) in the second quarter, HoldingsChannel reports. The firm acquired 239,035 shares of the company’s stock, valued at approximately $2,419,000.
Future Money Acquisition Price Performance
Shares of FMACU opened at $10.17 on Friday. The company has a fifty day simple moving average of $10.19. Future Money Acquisition Corp has a fifty-two week low of $9.98 and a fifty-two week high of $10.35.
Future Money Acquisition Company Profile
Future Money Acquisition (NASDAQ: FMACU) is a special purpose acquisition company, commonly known as a blank‑check company, that completed an initial public offering of units and is organized to effect a business combination with one or more operating businesses. As a SPAC, its principal activity is to identify, evaluate and consummate mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in its transition to an operating company.
Like other SPACs, Future Money Acquisition typically holds the proceeds of its offering in a trust account pending the identification and closing of a qualifying transaction.
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