K2 Principal Fund L.P. Acquires Shares of 150,000 IB Acquisition Corp. (NASDAQ:IBAC)

K2 Principal Fund L.P. bought a new position in shares of IB Acquisition Corp. (NASDAQ:IBAC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 150,000 shares of the company’s stock, valued at approximately $1,496,000. K2 Principal Fund L.P. owned 1.09% of IB Acquisition at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Highbridge Capital Management LLC acquired a new position in IB Acquisition in the second quarter valued at about $1,995,000. Cowen AND Company LLC acquired a new stake in shares of IB Acquisition during the 2nd quarter worth approximately $3,593,000. Context Capital Management LLC acquired a new position in IB Acquisition during the second quarter valued at approximately $1,994,000. Condor Capital Management bought a new stake in IB Acquisition during the second quarter worth $422,000. Finally, Clear Street LLC acquired a new stake in shares of IB Acquisition in the 2nd quarter valued at $1,395,000.

IB Acquisition Price Performance

Shares of IBAC opened at $10.02 on Tuesday. IB Acquisition Corp. has a 12-month low of $9.93 and a 12-month high of $10.26. The stock has a 50-day moving average price of $10.01.

IB Acquisition Profile

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.