Fir Tree Capital Management LP purchased a new stake in Slam Corp. (OTCMKTS:SLAMU) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 200,000 shares of the company’s stock, valued at approximately $1,984,000.
A number of other hedge funds also recently bought and sold shares of the business. Royal Bank of Canada bought a new position in shares of Slam during the 1st quarter worth approximately $85,000. DG Capital Management LLC bought a new stake in Slam in the 1st quarter valued at $99,000. OMERS ADMINISTRATION Corp bought a new stake in Slam in the 1st quarter valued at $99,000. Ergoteles LLC bought a new stake in Slam in the 1st quarter valued at $106,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Slam in the 1st quarter valued at about $111,000.
In related news, major shareholder Glazer Capital, Llc sold 26,400 shares of the firm’s stock in a transaction on Tuesday, July 13th. The stock was sold at an average price of $9.98, for a total transaction of $263,472.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Slam Corp. a blank check company, intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.
Further Reading: Return on Equity (ROE)
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