Castle Creek Arbitrage LLC bought a new stake in Trinity Merger Corp. Units (OTCMKTS:TMCXU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 231,641 shares of the company’s stock, valued at approximately $2,706,000.
Separately, Cowen Inc. grew its holdings in Trinity Merger Corp. Units by 8.0% in the second quarter. Cowen Inc. now owns 135,240 shares of the company’s stock valued at $1,437,000 after purchasing an additional 10,000 shares during the last quarter.
Shares of TMCXU traded down $0.81 during trading hours on Friday, reaching $11.31. 1,600 shares of the company traded hands, compared to its average volume of 28,586. Trinity Merger Corp. Units has a fifty-two week low of $10.12 and a fifty-two week high of $12.18. The stock has a fifty day simple moving average of $11.60 and a 200 day simple moving average of $10.93.
Trinity Merger Corp. Units Company Profile
Trinity Merger Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination candidates with a real estate component. The company was incorporated in 2018 and is based in Honolulu, Hawaii.
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