Panagora Asset Management Inc. purchased a new stake in Allegro Merger Corp. Units (OTCMKTS:ALGRU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 152,814 shares of the company’s stock, valued at approximately $1,574,000.
Other large investors also recently made changes to their positions in the company. Mint Tower Capital Management B.V. acquired a new position in shares of Allegro Merger Corp. Units during the 3rd quarter worth approximately $2,054,000. City Financial Investment Co Ltd acquired a new position in shares of Allegro Merger Corp. Units during the 3rd quarter worth approximately $3,595,000. Finally, Periscope Capital Inc. acquired a new position in shares of Allegro Merger Corp. Units during the 3rd quarter worth approximately $3,103,000.
Shares of ALGRU stock opened at $10.29 on Friday. Allegro Merger Corp. Units has a 1-year low of $10.04 and a 1-year high of $10.40.
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Allegro Merger Corp. intends to merge, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination, one or more businesses or entities. The company was founded in 2017 and is based in New York, New York.
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