MMCAP International Inc. SPC Purchases Shares of 500,000 FIGX Capital Acquisition Corp. $FIGX

MMCAP International Inc. SPC purchased a new stake in FIGX Capital Acquisition Corp. (NASDAQ:FIGX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 500,000 shares of the company’s stock, valued at approximately $5,030,000. MMCAP International Inc. SPC owned 2.58% of FIGX Capital Acquisition at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wealthspring Capital LLC bought a new position in shares of FIGX Capital Acquisition in the 4th quarter valued at about $5,122,000. Wolverine Asset Management LLC raised its holdings in FIGX Capital Acquisition by 32.7% during the fourth quarter. Wolverine Asset Management LLC now owns 170,033 shares of the company’s stock worth $1,711,000 after acquiring an additional 41,929 shares in the last quarter. Finally, ABC Arbitrage SA bought a new stake in FIGX Capital Acquisition during the fourth quarter worth about $302,000.

FIGX Capital Acquisition Stock Up 0.1%

Shares of NASDAQ FIGX opened at $10.23 on Wednesday. The company’s 50 day moving average is $10.17. FIGX Capital Acquisition Corp. has a 52 week low of $9.95 and a 52 week high of $10.22.

Analysts Set New Price Targets

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

About FIGX Capital Acquisition

We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.