Wealthspring Capital LLC Invests $6.91 Million in A Paradise Acquisition Corp. $APAD

Wealthspring Capital LLC acquired a new position in A Paradise Acquisition Corp. (NASDAQ:APAD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 687,629 shares of the company’s stock, valued at approximately $6,911,000. A Paradise Acquisition makes up approximately 1.7% of Wealthspring Capital LLC’s portfolio, making the stock its 20th largest position.

Separately, Wolverine Asset Management LLC raised its position in shares of A Paradise Acquisition by 23.9% in the 4th quarter. Wolverine Asset Management LLC now owns 719,819 shares of the company’s stock worth $7,234,000 after acquiring an additional 138,819 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised A Paradise Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

A Paradise Acquisition Price Performance

APAD stock opened at $8.03 on Thursday. The stock has a 50-day simple moving average of $10.01. A Paradise Acquisition Corp. has a 1-year low of $7.50 and a 1-year high of $14.00.

A Paradise Acquisition (NASDAQ:APAD) last issued its earnings results on Monday, May 4th. The company reported $0.08 EPS for the quarter.

About A Paradise Acquisition

A Paradise Acquisition (NASDAQ: APAD) is a special-purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that was formed to raise capital through a public listing with the purpose of effecting a business combination. As a SPAC, it does not operate an ongoing commercial business; instead, its primary activity is to identify, negotiate and complete a merger, share exchange, asset acquisition, recapitalization or other business combination with one or more target companies.

Like other acquisition companies, A Paradise Acquisition’s typical activities include sourcing potential targets, conducting due diligence and arranging the financing structures needed to complete a transaction.