Key Points
- Rainier Acquisition Director Jonas Grossman purchased 5,625 shares on September 2 at $10.00 each, for a total investment of $56,250.
- Following the transaction, Grossman owned 200,000 shares valued at approximately $2 million, representing a 2.89% increase in his ownership.
- Rainier Acquisition shares opened at $10.18, within their 52-week range of $10.02 to $10.27. The company is a blank-check firm seeking a business combination.
Rainier Acquisition Corp (NASDAQ:RNAQU - Get Free Report) Director Jonas Grossman bought 5,625 shares of the stock in a transaction on Wednesday, September 2nd. The shares were acquired at an average price of $10.00 per share, with a total value of $56,250.00. Following the purchase, the director owned 200,000 shares of the company's stock, valued at $2,000,000. The trade was a 2.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Rainier Acquisition Price Performance
Shares of NASDAQ:RNAQU opened at $10.18 on Thursday. Rainier Acquisition Corp has a 1-year low of $10.02 and a 1-year high of $10.27.
About Rainier Acquisition
(
Get Free Report)
We are a blank check company incorporated on February 2, 2023 as a Cayman Islands exempted company. We are incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We seek to partner with companies that can benefit from our scientific, investing, operating, capital markets, governance, and public-company leadership experience, and we seek to support long-term value creation through our experience, relationships, and access to capital.
Further Reading
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