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In a recent transaction, Red Oak Partners, LLC, a significant stakeholder in Global Crossing Airlines Group Inc. (OTC:JETMF), expanded its holdings in the airline company. The move comes as the stock has shown strong momentum, with a remarkable 62.5% year-to-date return according to InvestingPro. On February 20, 2025, the investment firm purchased a substantial amount of Global Crossing Airlines’ common stock.
The acquisitions included 516,277 shares at a price of $0.729 each by The Red Oak Fund, LP, and an additional 283,723 shares at the same price by The Red Oak Long Fund, L.P. These purchases brought the total investment to approximately $583,200 in the $45.71M market cap company.
This transaction underscores Red Oak Partners’ continued interest in Global Crossing Airlines, as the firm seeks to capitalize on potential opportunities within the airline industry. The shares were acquired indirectly by the respective funds managed by David Sandberg, the managing member of Red Oak Partners.
In addition to these transactions, Red Oak Partners also acquired various classes of non-voting common stock and warrants, reflecting a diversified approach to its investment strategy in Global Crossing Airlines.
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