Cowen Inc. Grows Position in Modern Media Acquisition Corp (MMDMU)
Cowen Inc. increased its position in Modern Media Acquisition Corp (NASDAQ:MMDMU) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,773 shares of the company’s stock after acquiring an additional 21,074 shares during the period. Cowen Inc.’s holdings in Modern Media Acquisition were worth $2,436,000 as of its most recent SEC filing.
Separately, Polar Asset Management Partners Inc. lifted its stake in Modern Media Acquisition by 28.7% in the 1st quarter. Polar Asset Management Partners Inc. now owns 903,710 shares of the company’s stock valued at $9,597,000 after buying an additional 201,300 shares in the last quarter.
MMDMU stock opened at $10.85 on Tuesday. Modern Media Acquisition Corp has a 1 year low of $10.16 and a 1 year high of $12.50.
Modern Media Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, recapitalization or similar business combination with one or more businesses. The Company may pursue its initial business combination in any business, industry or geographic location, the Company intends to focus on opportunities to capitalize on the ability of its management team to identify, acquire and operate a business in the media, entertainment or marketing services industries.
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