Periscope Capital Inc. Purchases Shares of 505,000 Pensare Acquisition Corp (NASDAQ:WRLSU)

Periscope Capital Inc. acquired a new stake in Pensare Acquisition Corp (NASDAQ:WRLSU) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 505,000 shares of the company’s stock, valued at approximately $5,217,000. Pensare Acquisition Corp makes up approximately 1.8% of Periscope Capital Inc.’s holdings, making the stock its 23rd largest position.

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Pensare Acquisition Corp (NASDAQ:WRLSU) traded up $0.03 during trading hours on Friday, reaching $10.36. 900 shares of the company’s stock traded hands, compared to its average volume of 152,785. Pensare Acquisition Corp has a 12 month low of $10.02 and a 12 month high of $10.40.

About Pensare Acquisition Corp

Pensare Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The Company intends to initially focus on identifying a business in the wireless telecommunications industry in the United States.

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