Lineage Point Capital LP purchased a new position in shares of Future Money Acquisition Corp (NASDAQ:FMACU – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 239,035 shares of the company’s stock, valued at approximately $2,419,000.
Future Money Acquisition Trading Down 1.4%
FMACU stock opened at $10.17 on Friday. The business’s 50-day moving average is $10.19. Future Money Acquisition Corp has a 52 week low of $9.98 and a 52 week high of $10.35.
Future Money Acquisition Company Profile
Future Money Acquisition (NASDAQ: FMACU) is a special purpose acquisition company, commonly known as a blank‑check company, that completed an initial public offering of units and is organized to effect a business combination with one or more operating businesses. As a SPAC, its principal activity is to identify, evaluate and consummate mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in its transition to an operating company.
Like other SPACs, Future Money Acquisition typically holds the proceeds of its offering in a trust account pending the identification and closing of a qualifying transaction.
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