Highbridge Capital Management LLC Buys New Position in North Atlantic Acquisition Co. (NASDAQ:NAAC)

Highbridge Capital Management LLC bought a new stake in North Atlantic Acquisition Co. (NASDAQ:NAAC) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 999,999 shares of the company’s stock, valued at approximately $9,750,000. Highbridge Capital Management LLC owned about 0.09% of North Atlantic Acquisition as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Segantii Capital Management Ltd bought a new position in North Atlantic Acquisition in the first quarter valued at approximately $995,000. Picton Mahoney Asset Management bought a new position in North Atlantic Acquisition in the first quarter valued at approximately $2,488,000. Alliancebernstein L.P. bought a new position in North Atlantic Acquisition in the first quarter valued at approximately $1,493,000. HighTower Advisors LLC bought a new position in North Atlantic Acquisition in the first quarter valued at approximately $1,042,000. Finally, Advisory Research Inc. bought a new position in North Atlantic Acquisition in the first quarter valued at approximately $2,303,000.

NAAC stock traded up $0.01 during mid-day trading on Friday, reaching $9.68. The company had a trading volume of 200 shares, compared to its average volume of 50,386. The stock’s 50 day moving average is $9.78. North Atlantic Acquisition Co. has a 52 week low of $9.50 and a 52 week high of $9.99.

North Atlantic Acquisition Profile

North Atlantic Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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Institutional Ownership by Quarter for North Atlantic Acquisition (NASDAQ:NAAC)

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