Constellation Alpha Capital Corp’s (NASDAQ:CNACU) quiet period will end on Monday, July 31st. Constellation Alpha Capital Corp had issued 12,500,000 shares in its public offering on June 20th. The total size of the offering was $125,000,000 based on an initial share price of $10.00. During Constellation Alpha Capital Corp’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
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Constellation Alpha Capital Corp (CNACU) traded up 0.10% during trading on Wednesday, reaching $10.24. 100 shares of the company’s stock traded hands. Constellation Alpha Capital Corp has a 12 month low of $10.00 and a 12 month high of $10.24.
In related news, CEO Rajiv Shukla purchased 425,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average price of $10.00 per share, for a total transaction of $4,250,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of hedge funds have recently added to or reduced their stakes in the stock. Bluefin Trading LLC acquired a new stake in Constellation Alpha Capital Corp during the second quarter valued at $1,436,000. CNH Partners LLC acquired a new stake in Constellation Alpha Capital Corp during the second quarter valued at $7,105,000. Berkley W R Corp acquired a new stake in Constellation Alpha Capital Corp during the second quarter valued at $2,211,000. OxFORD Asset Management LLP acquired a new stake in Constellation Alpha Capital Corp during the second quarter valued at $5,388,000. Finally, Glazer Capital LLC acquired a new stake in Constellation Alpha Capital Corp during the second quarter valued at $406,000.
Constellation Alpha Capital Corp Company Profile
Constellation Alpha Capital Corp. is a blank check company. The Company is formed for the purpose of acquiring, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, or engaging in any other similar business combination with one or more businesses or entities.
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