TENOR CAPITAL MANAGEMENT Co. L.P. Takes Position in Forum Merger III Co. (NASDAQ:FIII)

TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Forum Merger III Co. (NASDAQ:FIII) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 550,000 shares of the company’s stock, valued at approximately $5,484,000. TENOR CAPITAL MANAGEMENT Co. L.P. owned approximately 1.72% of Forum Merger III at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN acquired a new stake in shares of Forum Merger III during the fourth quarter valued at about $73,000. Wealthcare Advisory Partners LLC bought a new position in shares of Forum Merger III during the first quarter worth about $60,000. GWM Advisors LLC bought a new position in shares of Forum Merger III during the first quarter worth about $100,000. Mcdonald Partners LLC bought a new position in shares of Forum Merger III during the first quarter worth about $100,000. Finally, Virtu Financial LLC bought a new position in shares of Forum Merger III during the fourth quarter worth about $167,000.

In other Forum Merger III news, CEO Marshall Kiev bought 500,000 shares of the business’s stock in a transaction on Monday, June 21st. The shares were purchased at an average price of $9.85 per share, with a total value of $4,925,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of FIII stock traded up $0.18 during trading hours on Thursday, hitting $9.57. 376,619 shares of the company were exchanged, compared to its average volume of 885,510. The firm has a 50-day moving average price of $10.05. Forum Merger III Co. has a one year low of $9.05 and a one year high of $15.30.

About Forum Merger III

As of June 25, 2021, Forum Merger III Corporation was acquired by Electric Last Mile, Inc, in a reverse merger transaction.

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Institutional Ownership by Quarter for Forum Merger III (NASDAQ:FIII)

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