Pensare Acquisition Corp (NASDAQ:WRLS) Shares Sold by Polar Asset Management Partners Inc.
Polar Asset Management Partners Inc. lessened its holdings in shares of Pensare Acquisition Corp (NASDAQ:WRLS) by 75.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 779,800 shares of the technology company’s stock after selling 2,387,954 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 9.66% of Pensare Acquisition worth $8,094,000 at the end of the most recent quarter.
Separately, Weiss Asset Management LP boosted its stake in Pensare Acquisition by 78.9% during the 1st quarter. Weiss Asset Management LP now owns 3,285,546 shares of the technology company’s stock worth $33,743,000 after purchasing an additional 1,448,655 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors.
Shares of WRLS stock traded down $0.08 on Monday, hitting $10.25. The firm’s 50-day moving average price is $10.22 and its 200-day moving average price is $10.31. Pensare Acquisition Corp has a 12-month low of $8.06 and a 12-month high of $10.90.
Pensare Acquisition Corp. does not have significant operations. It intends to enter into a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities in the United States. It plans to focus on businesses in the wireless telecommunications industry.
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