BEST SPAC I Acquisition Corp. $BSAA Shares Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its position in shares of BEST SPAC I Acquisition Corp. (NASDAQ:BSAA) by 39.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 525,982 shares of the company’s stock after buying an additional 149,612 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.07% of BEST SPAC I Acquisition worth $5,328,000 at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of BEST SPAC I Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, BEST SPAC I Acquisition presently has an average rating of “Sell”.

BEST SPAC I Acquisition Stock Performance

Shares of NASDAQ BSAA opened at $10.31 on Monday. The firm has a 50-day moving average of $10.24. BEST SPAC I Acquisition Corp. has a 52-week low of $9.82 and a 52-week high of $10.33.

About BEST SPAC I Acquisition

BEST SPAC I Acquisition Corp. (NASDAQ: BSAA) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and merge with one or more operating businesses. As a blank?check company listed on the Nasdaq, its primary business activity is to seek a business combination that will result in the target becoming a publicly traded company through the SPAC vehicle.

Like other SPACs, BEST SPAC I is structured to raise capital from public investors and hold the proceeds in trust while management evaluates potential acquisition targets.