K2 Principal Fund L.P. acquired a new stake in shares of Pensare Acquisition Corp. (NASDAQ:WRLS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,020,300 shares of the technology company’s stock, valued at approximately $9,866,000. Pensare Acquisition Corp. accounts for approximately 0.7% of K2 Principal Fund L.P.’s investment portfolio, making the stock its 29th biggest position. K2 Principal Fund L.P. owned 2.63% of Pensare Acquisition Corp. as of its most recent SEC filing.

Separately, Periscope Capital Inc. acquired a new position in Pensare Acquisition Corp. during the third quarter valued at approximately $7,427,000. 9.46% of the stock is currently owned by institutional investors and hedge funds.

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Pensare Acquisition Corp. (NASDAQ WRLS) opened at $9.68 on Friday. Pensare Acquisition Corp. has a 1-year low of $9.60 and a 1-year high of $9.73.

Pensare Acquisition Corp. Company Profile

Pensare Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The Company intends to initially focus on identifying a business in the wireless telecommunications industry in the United States.

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