Highbridge Capital Management LLC Acquires New Stake in IB Acquisition Corp. (NASDAQ:IBAC)

Highbridge Capital Management LLC acquired a new stake in shares of IB Acquisition Corp. (NASDAQ:IBAC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 199,971 shares of the company’s stock, valued at approximately $1,995,000. Highbridge Capital Management LLC owned about 1.46% of IB Acquisition at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Condor Capital Management bought a new position in IB Acquisition in the 2nd quarter worth about $422,000. Context Capital Management LLC purchased a new position in IB Acquisition in the 2nd quarter worth approximately $1,994,000. Finally, Cowen AND Company LLC bought a new position in IB Acquisition in the 2nd quarter valued at approximately $3,593,000.

IB Acquisition Stock Performance

Shares of IBAC opened at $9.98 on Thursday. The company’s fifty day simple moving average is $10.00. IB Acquisition Corp. has a 12 month low of $9.93 and a 12 month high of $10.26.

About IB Acquisition

IB Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. IB Acquisition Corp. is based in Boca Raton, Florida.