Rivernorth Capital Management LLC Purchases New Holdings in Progress Acquisition Corp. (OTCMKTS:PGRWU)

Rivernorth Capital Management LLC purchased a new stake in Progress Acquisition Corp. (OTCMKTS:PGRWU) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $493,000.

A number of other institutional investors and hedge funds have also modified their holdings of PGRWU. Nomura Holdings Inc. purchased a new position in Progress Acquisition in the first quarter valued at about $8,682,000. Periscope Capital Inc. bought a new position in Progress Acquisition during the 1st quarter worth approximately $4,266,000. BlueCrest Capital Management Ltd bought a new position in Progress Acquisition during the 1st quarter worth approximately $4,186,000. Owl Creek Asset Management L.P. bought a new position in Progress Acquisition during the 1st quarter worth approximately $3,308,000. Finally, Aristeia Capital LLC bought a new position in Progress Acquisition during the 1st quarter worth approximately $2,955,000.

OTCMKTS:PGRWU opened at $10.04 on Thursday. The business’s 50 day moving average price is $10.00. Progress Acquisition Corp. has a 52 week low of $9.79 and a 52 week high of $10.39.

About Progress Acquisition

Progress Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Boston, Massachusetts.

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Institutional Ownership by Quarter for Progress Acquisition (OTCMKTS:PGRWU)

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