400,000 Shares in Twelve Seas Investment Company II $TWLVU Purchased by MMCAP International Inc. SPC

MMCAP International Inc. SPC purchased a new position in Twelve Seas Investment Company II (NASDAQ:TWLVU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 400,000 shares of the company’s stock, valued at approximately $3,980,000.

Other institutional investors also recently added to or reduced their stakes in the company. ABC Arbitrage SA purchased a new position in Twelve Seas Investment Company II in the 4th quarter worth about $398,000. Wolverine Asset Management LLC purchased a new position in Twelve Seas Investment Company II in the 4th quarter worth about $1,481,000. Finally, Wealthspring Capital LLC purchased a new position in Twelve Seas Investment Company II in the 4th quarter worth about $2,255,000.

Twelve Seas Investment Company II Price Performance

TWLVU stock opened at $10.10 on Wednesday. Twelve Seas Investment Company II has a 12 month low of $9.95 and a 12 month high of $10.41. The firm’s 50-day moving average is $10.10 and its 200 day moving average is $10.24.

Twelve Seas Investment Company II Profile

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.