Sona Asset Management US LLC Invests $4.55 Million in Axiom Intelligence Acquisition Corp 1 $AXIN

Sona Asset Management US LLC acquired a new stake in shares of Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 449,649 shares of the company’s stock, valued at approximately $4,555,000.

A number of other hedge funds also recently made changes to their positions in AXIN. ABC Arbitrage SA purchased a new position in Axiom Intelligence Acquisition Corp 1 in the fourth quarter worth $352,000. Heights Capital Management Inc. purchased a new stake in Axiom Intelligence Acquisition Corp 1 during the fourth quarter valued at about $504,000. Tudor Investment Corp ET AL bought a new stake in Axiom Intelligence Acquisition Corp 1 during the fourth quarter worth about $1,018,000. Readystate Asset Management LP bought a new stake in Axiom Intelligence Acquisition Corp 1 during the fourth quarter worth about $1,762,000. Finally, TIG Advisors LLC purchased a new position in shares of Axiom Intelligence Acquisition Corp 1 in the 4th quarter worth about $3,018,000.

Axiom Intelligence Acquisition Corp 1 Price Performance

Shares of Axiom Intelligence Acquisition Corp 1 stock opened at $10.29 on Monday. Axiom Intelligence Acquisition Corp 1 has a 52-week low of $9.93 and a 52-week high of $10.45. The firm has a fifty day simple moving average of $10.33.

Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXIN) last released its earnings results on Thursday, May 14th. The company reported $0.06 EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Axiom Intelligence Acquisition Corp 1 from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Axiom Intelligence Acquisition Corp 1 Company Profile

Axiom Intelligence Acquisition Corp 1 (NASDAQ: AXIN) is a special purpose acquisition company (SPAC) listed on the NASDAQ. As a blank?check company, its primary purpose is to raise capital through a public offering and to identify, negotiate and complete a business combination or similar transaction with one or more operating businesses. The company itself does not conduct traditional operating activities prior to a completed business combination.

Typical activities for a SPAC like Axiom Intelligence Acquisition Corp 1 include sourcing potential acquisition targets, performing due diligence, structuring a merger or acquisition, and providing a vehicle through which private companies can access public markets.