A SPAC III Acquisition (NASDAQ:ASPCU) Stock Price Up 5.8% – Time to Buy?

A SPAC III Acquisition Corp. (NASDAQ:ASPCU) shares were up 5.8% during trading on Monday . The company traded as high as $15.50 and last traded at $14.81. Approximately 1,224 shares changed hands during trading, a decline of 71% from the average daily volume of 4,202 shares. The stock had previously closed at $14.00.

A SPAC III Acquisition Trading Up 5.8%

The business has a fifty day simple moving average of $14.91 and a 200 day simple moving average of $12.13.

Hedge Funds Weigh In On A SPAC III Acquisition

Institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new stake in shares of A SPAC III Acquisition during the 3rd quarter worth $77,000. Clear Street LLC increased its stake in A SPAC III Acquisition by 960.5% during the second quarter. Clear Street LLC now owns 46,399 shares of the company’s stock worth $331,000 after acquiring an additional 42,024 shares during the last quarter. Finally, Clear Street Group Inc. purchased a new stake in A SPAC III Acquisition during the third quarter worth approximately $517,000.

A SPAC III Acquisition Company Profile

A SPAC III Acquisition Corp. (NASDAQ: ASPCU) is a special purpose acquisition company incorporated in Delaware. The firm is structured as a blank check entity formed solely to effect a merger, business combination or other acquisition of one or more operating businesses.

Following its initial public offering, A SPAC III placed proceeds in a trust account and focuses on identifying and evaluating potential targets. The company maintains broad sector flexibility, with an emphasis on growth-oriented industries such as technology, healthcare and industrial services across North America and Europe.

As of now, A SPAC III Acquisition has not announced any definitive business combination agreements.