Castle Creek Arbitrage LLC acquired a new stake in Authentic Equity Acquisition Corp. (NASDAQ:AEAC) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 737,498 shares of the company’s stock, valued at approximately $7,135,000. Castle Creek Arbitrage LLC owned approximately 2.46% of Authentic Equity Acquisition as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in AEAC. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Authentic Equity Acquisition in the 1st quarter valued at $97,000. HighTower Advisors LLC bought a new stake in Authentic Equity Acquisition during the 1st quarter valued at $138,000. Exos Asset Management LLC bought a new stake in Authentic Equity Acquisition during the 1st quarter valued at $194,000. HBK Investments L P bought a new stake in Authentic Equity Acquisition during the 1st quarter valued at $307,000. Finally, Jane Street Group LLC bought a new stake in Authentic Equity Acquisition during the 1st quarter valued at $308,000. 34.43% of the stock is owned by institutional investors.
NASDAQ:AEAC traded down $0.07 during midday trading on Thursday, reaching $9.70. 7,884 shares of the stock traded hands, compared to its average volume of 23,276. The business has a fifty day moving average of $9.69. Authentic Equity Acquisition Corp. has a 12 month low of $9.51 and a 12 month high of $9.87.
Authentic Equity Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded in 2020 and is based in Rye, New York.
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