MMCAP International Inc. SPC Invests $6.90 Million in American Exceptionalism Acquisition Corp. $AEXA

MMCAP International Inc. SPC purchased a new position in American Exceptionalism Acquisition Corp. (NYSE:AEXA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 631,066 shares of the company’s stock, valued at approximately $6,898,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Calamos Advisors LLC purchased a new stake in American Exceptionalism Acquisition in the third quarter worth $689,000. Deltec Asset Management LLC purchased a new stake in American Exceptionalism Acquisition in the 3rd quarter worth about $219,000. Syquant Capital Sas bought a new stake in American Exceptionalism Acquisition in the 3rd quarter valued at about $1,366,000. Gritstone Asset Management LLC bought a new stake in American Exceptionalism Acquisition in the 3rd quarter valued at about $546,000. Finally, Allianz Asset Management GmbH purchased a new stake in American Exceptionalism Acquisition during the third quarter valued at about $9,837,000.

American Exceptionalism Acquisition Stock Performance

NYSE:AEXA opened at $11.20 on Monday. The company’s fifty day moving average is $11.42. American Exceptionalism Acquisition Corp. has a 52-week low of $10.49 and a 52-week high of $11.91.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of American Exceptionalism Acquisition in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

American Exceptionalism Acquisition Profile

We are led by Chamath Palihapitiya, the founder and Managing Partner of Social Capital. Like Social Capital, the company is formed to confront the world’s hardest problems. Although these problems have evolved over the past decade, our approach remains the same—with a dedication to first principles thinking, deep technological understanding and a willingness to be contrarian to consensus. — We intend to find companies that operate in sectors that we believe will be instrumental in maintaining U.S.