Mint Tower Capital Management B.V. acquired a new position in Crescent Acquisition Corp. (OTCMKTS:CRSAU) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 500,000 shares of the company’s stock, valued at approximately $5,000,000. Crescent Acquisition makes up approximately 0.5% of Mint Tower Capital Management B.V.’s investment portfolio, making the stock its 16th largest position.
A number of other large investors have also modified their holdings of the stock. CNH Partners LLC bought a new stake in Crescent Acquisition during the first quarter worth about $20,000,000. Fortress Investment Group LLC bought a new stake in Crescent Acquisition during the first quarter worth about $12,000,000. Marshall Wace LLP bought a new stake in Crescent Acquisition during the first quarter worth about $6,000,000. Periscope Capital Inc. bought a new stake in Crescent Acquisition during the first quarter worth about $5,028,000. Finally, Comerica Bank bought a new stake in shares of Crescent Acquisition during the first quarter valued at approximately $2,233,000.
Shares of CRSAU remained flat at $$10.13 during mid-day trading on Friday. 10,025 shares of the stock traded hands, compared to its average volume of 72,299. The business has a 50 day moving average of $10.08. Crescent Acquisition Corp. has a twelve month low of $9.95 and a twelve month high of $10.13.
Crescent Acquisition Corp. intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or business combination. The company was formerly known as Crescent Funding Inc and changed its name to Crescent Acquisition Corp. in October 2018. The company was founded in 2017 and is based in Los Angeles, California.
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