Shaolin Capital Management LLC purchased a new stake in American Acquisition Opportunity Inc. (NASDAQ:AMAO) during the second quarter, HoldingsChannel.com reports. The fund purchased 750,000 shares of the company’s stock, valued at approximately $7,457,000. Shaolin Capital Management LLC owned about 0.06% of American Acquisition Opportunity as of its most recent filing with the SEC.
Separately, CVI Holdings LLC bought a new stake in American Acquisition Opportunity in the 2nd quarter valued at $9,434,000. 63.77% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ AMAO traded up $0.06 on Thursday, reaching $10.02. The company had a trading volume of 150 shares, compared to its average volume of 114. The stock’s 50 day moving average is $9.97. American Acquisition Opportunity Inc. has a 12 month low of $9.84 and a 12 month high of $10.25.
American Acquisition Opportunity Inc intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more target businesses. It intends to focus on companies in the land holdings and resources industry in the United States.
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