A SPAC III Acquisition (NASDAQ:ASPCU) Shares Up 5.8% – Here’s Why

Shares of A SPAC III Acquisition Corp. (NASDAQ:ASPCU) were up 5.8% during mid-day trading on Monday . The stock traded as high as $15.50 and last traded at $14.81. Approximately 1,224 shares changed hands during trading, a decline of 71% from the average daily volume of 4,202 shares. The stock had previously closed at $14.00.

A SPAC III Acquisition Price Performance

The company has a fifty day moving average price of $14.91 and a two-hundred day moving average price of $12.13.

Institutional Investors Weigh In On A SPAC III Acquisition

Hedge funds have recently modified their holdings of the stock. Clear Street LLC increased its stake in A SPAC III Acquisition by 960.5% in the 2nd quarter. Clear Street LLC now owns 46,399 shares of the company’s stock valued at $331,000 after buying an additional 42,024 shares during the period. Clear Street Group Inc. purchased a new stake in A SPAC III Acquisition during the third quarter worth about $517,000. Finally, Susquehanna International Group LLP purchased a new position in A SPAC III Acquisition in the 3rd quarter valued at approximately $77,000.

About A SPAC III Acquisition

A SPAC III Acquisition Corp. (NASDAQ: ASPCU) is a special purpose acquisition company incorporated in Delaware. The firm is structured as a blank check entity formed solely to effect a merger, business combination or other acquisition of one or more operating businesses.

Following its initial public offering, A SPAC III placed proceeds in a trust account and focuses on identifying and evaluating potential targets. The company maintains broad sector flexibility, with an emphasis on growth-oriented industries such as technology, healthcare and industrial services across North America and Europe.

As of now, A SPAC III Acquisition has not announced any definitive business combination agreements.