Key Points
- Major shareholder Circle 3 Sponsor Corp Columbus bought 265,000 shares of Columbus Circle Capital Corp III at $10.00 per share, for a total of $2.65 million.
- After the purchase, the insider directly owned 265,000 shares, and the transaction was disclosed in an SEC filing as required for large shareholders.
- CCCTU was trading around $10.02, near its 52-week range of $10.01 to $10.03, and Wall Street Zen recently upgraded the stock to a hold rating.
Columbus Circle Capital Corp III (NASDAQ:CCCTU - Get Free Report) major shareholder Circle 3 Sponsor Corp Columbus acquired 265,000 shares of the firm's stock in a transaction that occurred on Friday, July 10th. The shares were bought at an average price of $10.00 per share, with a total value of $2,650,000.00. Following the completion of the purchase, the insider directly owned 265,000 shares in the company, valued at $2,650,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Columbus Circle Capital Corp III Stock Performance
CCCTU opened at $10.02 on Tuesday. Columbus Circle Capital Corp III has a 1 year low of $10.01 and a 1 year high of $10.03.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Columbus Circle Capital Corp III to a "hold" rating in a research report on Sunday.
Check Out Our Latest Analysis on CCCTU
About Columbus Circle Capital Corp III
(
Get Free Report)
Columbus Circle Capital Corp III is a blank check company, also known as a special purpose acquisition company (SPAC), formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
The company does not operate a traditional commercial business of its own and instead is focused on identifying and completing a transaction with an operating company. Its activities are typically centered on evaluating potential target businesses across industries and geographies, subject to the terms of its organizational documents and acquisition strategy.
Because it is a SPAC, publicly available information about products, services, and long-term operations is limited until a business combination is completed.
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