5 Best SPACs to Buy Now According to Glenn Dubin’s Highbridge Capital

In this article, we discuss 5 best SPACs to buy now according to Glenn Dubin’s Highbridge Capital. If you want to see some more SPACs preferred by the hedge fund, click 10 Best SPACs to Buy Now According to Glenn Dubin’s Highbridge Capital. 

5. CONX Corp. (NASDAQ:CONX)

Highbridge Capital Management’s Stake Value: $23,086,000

Percentage of Highbridge Capital Management’s 13F Portfolio: 0.50%

Number of Hedge Fund Holders: 38

CONX Corp. (NASDAQ:CONX) is based in Littleton, Colorado, operating as a blank check company that was formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combinations. CONX Corp. (NASDAQ:CONX) targets companies in the technology, media, and telecommunications sectors. 

Charlie Ergen, chairman and co-founder of DISH Network Corporation (NASDAQ:DISH), founded CONX Corp. (NASDAQ:CONX) in 2020. The company’s initial public offering raised $750 million, selling 75 million shares at $10 each. Previously, CONX Corp. (NASDAQ:CONX) was looking for a $1 billion IPO. 

Securities filings for Q4 2021 reveal that Glenn Dubin’s Highbridge Capital owns 2.35 million shares of CONX Corp. (NASDAQ:CONX), worth over $23 million, representing 0.50% of the total 13F holdings. The hedge fund increased its stake in the company by 1% in the fourth quarter. Highbridge Capital invested in CONX Corp. (NASDAQ:CONX) in the beginning of 2021. 

According to the fourth quarter database of Insider Monkey, 38 hedge funds were bullish on CONX Corp. (NASDAQ:CONX), compared to 37 funds in the prior quarter. The total stakes owned in Q4 amounted to approximately $411 million. Josh Resnick’s Jericho Capital Asset Management is the biggest stakeholder of the company, with 4 million shares worth $39.2 million.