Inflection Point Acquisition Corp. III $IPCX Holdings Boosted by Linden Advisors LP

Linden Advisors LP raised its stake in Inflection Point Acquisition Corp. III (NASDAQ:IPCX) by 17.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,865,000 shares of the company’s stock after acquiring an additional 275,000 shares during the period. Linden Advisors LP owned 5.41% of Inflection Point Acquisition Corp. III worth $18,818,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Cantor Fitzgerald L. P. bought a new stake in Inflection Point Acquisition Corp. III in the third quarter valued at $245,000. Virtu Financial LLC bought a new position in shares of Inflection Point Acquisition Corp. III during the third quarter worth about $273,000. Wolverine Asset Management LLC increased its holdings in shares of Inflection Point Acquisition Corp. III by 63.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 164,698 shares of the company’s stock worth $1,659,000 after acquiring an additional 64,126 shares during the period. Gabelli Funds LLC acquired a new stake in shares of Inflection Point Acquisition Corp. III in the 3rd quarter worth about $1,080,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Inflection Point Acquisition Corp. III in the 3rd quarter valued at about $1,438,000.

Wall Street Analyst Weigh In

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

Inflection Point Acquisition Corp. III Trading Up 0.1%

Shares of IPCX stock opened at $10.19 on Tuesday. Inflection Point Acquisition Corp. III has a 1 year low of $10.05 and a 1 year high of $10.35. The stock has a fifty day moving average of $10.17 and a two-hundred day moving average of $10.15.

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.