Linden Advisors Adds $3M in BPAC ($BPAC)

Linden Advisors acquired 250,000 shares of BPAC, valued at $2.53 million.

Written by EarningsIQ · Published Jun 16, 2026, 4:51 AM EDT

Key Points

Linden Advisors acquired 250,000 shares of BPAC, valued at approximately $2.53 million, as per its latest 13F filing.
BPAC shares traded near $10.12, with a cost basis of $9.95 per share for Linden Advisors.
Other funds like RiverNorth Capital Management and Wolverine Asset Management also hold significant BPAC stakes.

Linden Advisors has taken a new position in BPAC, acquiring 250,000 shares valued at about $2.53 million. This activity was reported in the firm's latest Form 13F filing with the SEC, reflecting holdings as of the most recent reporting period.

What Changed in Linden Advisors' BPAC Position

Linden Advisors' acquisition of 250,000 BPAC shares marks a new investment for the fund, as it previously held no shares in the company. The purchase was valued at approximately $2.53 million, aligning with a cost basis of $9.95 per share.

Other Institutional Activity in BPAC

Several other institutional investors have also shown interest in BPAC. RiverNorth Capital Management, LLC increased its holdings by 500,000 shares, holding a total of 500,000 shares valued at around $5.01 million. Wolverine Asset Management LLC added 333,423 shares, bringing its total to 333,423 shares worth about $3.34 million. Shaolin Capital Management LLC acquired 285,774 shares, now valued at approximately $2.86 million. Glazer Capital, LLC holds 256,977 shares, valued at $2.57 million, while Aristeia Capital, L.L.C. and Polar Asset Management Partners Inc. each hold 250,000 shares, both valued at about $2.50 million.

BPAC Stock Snapshot

Shares of BPAC traded near $10.12. The stock's cost basis for Linden Advisors was $9.95 per share, indicating a modest premium over its purchase price.

Insider Buying and Selling at BPAC

BPAC has seen insider activity as well. On November 13, 2025, William Rosenstadt, CEO and Chairman, made multiple purchases totaling 197,250 shares. Additionally, Blueport Acquisition Corp also acquired 197,250 shares on the same date. These transactions were not part of a planned trading program.

About BPAC

BPAC is a special purpose acquisition company, commonly known as a SPAC, focused on merging with or acquiring other businesses. It operates in the financial sector, aiming to create value through strategic acquisitions.

Bottom Line

Linden Advisors' new position in BPAC highlights its interest in the company's potential. While this filing provides a snapshot of its investment as of the reporting period, it's essential for investors to consider that 13F filings are backward-looking and may not reflect current positions. Investors often track these filings to gauge institutional sentiment and potential market movements.