Periscope Capital Inc. bought a new stake in shares of Saban Capital Acquisition Corp (NASDAQ:SCACU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 100,000 shares of the company’s stock, valued at approximately $1,063,000. Periscope Capital Inc. owned about 0.43% of Saban Capital Acquisition Corp at the end of the most recent quarter.
Separately, Longfellow Investment Management Co. LLC bought a new position in Saban Capital Acquisition Corp in the 3rd quarter worth $1,243,000.
Shares of Saban Capital Acquisition Corp (SCACU) traded down $0.01 during trading hours on Friday, hitting $10.67. 800 shares of the stock were exchanged, compared to its average volume of 16,358. Saban Capital Acquisition Corp has a fifty-two week low of $10.10 and a fifty-two week high of $11.25.
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About Saban Capital Acquisition Corp
Saban Capital Acquisition Corp. is a blank check company. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (Business Combination). The Company intends to capitalize on the expertise of its management team in the traditional and digital media, entertainment, communications and consumer brands.
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